Dividend Aristocrat Cintas Corporation (CTAS) will raise its annual dividend by 26.7 percent to $1.33 per share in 2016. This marks the 33rd consecutive year of annual dividend increases by the corporate identity uniforms maker.

The increased dividend is payable on December 2, 2016 to shareholders of record as of November 4, 2016.

Scott D. Farmer, Chairman of the Board and Chief Executive Officer of Cintas, said, "We achieved record revenue and earnings per share in fiscal year 2016. Our strong performance continued into the first quarter of fiscal 2017. As a result of our excellent financial results, cash flow, and financial position, we are pleased to announce an increase in the annual dividend for the 33rd consecutive year. The annual dividend is an important part of our capital allocation strategy and illustrates our enduring commitment to effectively deploying cash to increase shareholder value."

At a stock price of $116.39 the dividend yield for Cintas is 1.1%.

Cintas Corporation is a supplier of corporate identity uniform programs, entrance and logo mats, restroom supplies, promotional products, first aid, safety, fire protection products and services, and industrial carpet and tile cleaning. The company’s products and services include uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety compliance training. Cintas has paid a dividend every year since the Company went public in 1983.