Bristol Gate Capital Partners Inc. on Cintas Corporation
Thesis
Cintas remains a strong operating and dividend-growth holding for Bristol Gate. Fiscal fourth-quarter organic growth reached 8.4%, and gross margin matched its all-time high. Management guided to 8.5%-11.3% earnings-per-share growth in fiscal 2027, then raised that outlook after reporting further organic expansion. A 15.6% dividend increase demonstrates the conversion of operating performance into rising shareholder distributions, matching the strategy’s selection criteria.
“The company raised its quarterly dividend by 15.6% in July”