Unifirst Corporation (NYSE:UNF) Announces Quarterly Dividend of $0.37

Unifirst Corporation (NYSE:UNF) declared a quarterly dividend on Tuesday, January 13th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.365 per share by the textile maker on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, March 6th.

Unifirst has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Unifirst has a payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Unifirst to earn $8.68 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 16.8%.

Unifirst Price Performance

Shares of UNF traded down $0.51 during mid-day trading on Wednesday, hitting $199.27. The stock had a trading volume of 4,314 shares, compared to its average volume of 184,031. Unifirst has a 52 week low of $147.66 and a 52 week high of $232.14. The firm has a market cap of $3.61 billion, a P/E ratio of 26.36 and a beta of 0.72. The business has a fifty day moving average price of $178.44 and a 200-day moving average price of $173.41.

Unifirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, January 7th. The textile maker reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.16). Unifirst had a net margin of 5.70% and a return on equity of 6.68%. The company had revenue of $621.32 million during the quarter, compared to analysts’ expectations of $615.23 million. During the same quarter last year, the firm posted $2.31 earnings per share. Unifirst’s revenue for the quarter was up 2.7% compared to the same quarter last year. Unifirst has set its FY 2026 guidance at 6.580-6.980 EPS. As a group, research analysts expect that Unifirst will post 7.71 earnings per share for the current fiscal year.

Unifirst Company Profile

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).