UNIFIRST CORP 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOC KHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Common Stock Information Our Common Stock trades on the NYSE under the symbol “UNF”, while our Class B Common Stock is not publicly traded. On July 11, 2024, our Board of Directors declared a quarterly cash dividend of $0.330 per share of Common Stock and $0.264 per share of Class B Common Stock. Both dividends were paid on September 27, 2024 to shareholders of record as of September 6, 2024. The amount and timing of any future dividend payment is subject to the approval of the Board of Directors each quarter. The approximate number of shareholders of record of our Common Stock and Class B Common Stock as of October 23, 2024 was 47 and 42, respectively. We believe that the number of beneficial owners of our Common Stock is substantially greater than the number of record holders because a large portion of our Common Stock is held of record in broker “street names”. Issuer Purchases of Equity Securities The following table provides information regarding our purchases of equity securities for the periods set forth therein: Period (a) Total Number of Shares Purchased (1) (b) Average Price Paid per Share (1) (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Program (1) (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Program (1) May 26, 2024 - June 22, 2024 17,806 $ 156.92 17,806 $ 81,243,296 June 23, 2024 - July 27, 2024 12,750 $ 174.73 12,750 $ 79,015,185 July 28, 2024 - August 31, 2024 15,000 $ 186.34 15,000 $ 76,219,818 Total 45,556 45,556 (1) On October 24, 2023, our Board of Directors authorized a new share repurchase program to repurchase from time to time up to a total authorized $100.0 million of its outstanding shares of Common Stock, inclusive of the amount which remained available under the existing share repurchase program approved on October 18, 2021. Repurchases made from time to time under the new program, if any, will be made in either the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchase will depend on a variety of factors, including economic and market conditions, the Company stock price, corporate liquidity requirements and priorities, applicable legal requirements and other factors. The share repurchase program has been funded to date using our available cash and may be suspended or discontinued at any time. 18 Stock Performance Graph The graph below compares the cumulative five-year total return on UniFirst Corporation's Common Stock with the Russell 2000 Index and a customized peer group of three companies that includes Aramark, Cintas Corporation and Rollins, Inc. The graph assumes an investment of $100 in each of UniFirst Corporation’s Common Stock, the Russell 2000 Index, and the performance through August 31, 2024, assuming the reinvestment of dividends. 19 ITEM 6. [ RESERVED] 20