5 Dividend Knights that Beat the Market Last 5 Years

2. Cintas Corporation (NASDAQ:CTAS)

5-Year Share Price Gains as of February 8: 190.1%

Cintas Corporation (NASDAQ:CTAS) is a business services company, based in Ohio. Following the company’s strong quarterly earnings, Deutsche Bank raised its price target on the stock to $507 in December and maintained a Buy rating on the shares.

Cintas Corporation (NASDAQ:CTAS), one of the best dividend stocks on our list, offers a quarterly dividend of $1.15 per share and has a dividend yield of 1.04%, as of February 8. The company has been rewarding investors with increased dividends since its IPO in 1983. The stock’s five-year returns came in at 190.1%, as recorded on February 8.

At the end of September 2022, 42 hedge funds in Insider Monkey’s database reported having stakes in Cintas Corporation (NASDAQ:CTAS), jumping from 32 in the previous quarter. These stakes are worth roughly $1.3 billion collectively.

TimesSquare Capital Management mentioned Cintas Corporation (NASDAQ:CTAS) in its Q3 2022 investor letter. Here is what the firm has to say:

“Cintas Corporation (NASDAQ:CTAS), a supplier of corporate identity uniforms and facility services, gained 4%. Fiscal first quarter results featured beats to revenue and earnings estimates. The company is successfully winning new business and cross-selling into existing customers.”