(Source: Business Wire)
G&K Services, Inc. (NASDAQ: GKSR), a market leader in branded identity apparel programs and facility services, announced today that its Board of Directors has declared a quarterly dividend of $0.075 per share, an increase of approximately seven percent from its previous quarterly dividend of $0.07 per share.
"G&K has paid a dividend for forty consecutive years and this marks the fourth consecutive year that we increased the quarterly dividend," said Jeffrey Wright, executive vice president and chief financial officer. "We're pleased to increase the quarterly dividend, which demonstrates our confidence in continuing to generate strong cash flow and our commitment to increase shareholder returns."
The next quarterly dividend will be payable on September 24, 2009 to shareholders of record at the close of business on September 17, 2009.
Safe Harbor for Forward-Looking Statements
Statements made in this press release concerning our intentions, expectations or predictions about future results or events are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which could be material and adverse. You are cautioned not to place undue reliance on these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Information concerning potential factors that could affect future financial results is included in our Annual Report on Form 10-K for the fiscal year ended June 28, 2008.
About G&K Services, Inc.
G&K Services, Inc. is a market leader in branded identity apparel programs and facility services in the United States, and is the largest such provider in Canada. Headquartered in Minneapolis, Minnesota, G&K Services has approximately 8,500 employees serving more than 175,000 customers from over 170 facilities in North America and Europe. G&K Services is a publicly held company traded over the NASDAQ Global Select Market under the symbol GKSR and is a component of the Standard & Poor's SmallCap 600 Index. For more information on G&K Services, visit the company's website at www.gkservices.com.
A service of YellowBrix, Inc.
