G&K
Services, Inc. GK announced today that its Board
of Directors approved a 19 percent increase to its quarterly dividend
and a $100 million expansion of its share repurchase authorization,
reaffirming the company's commitment to return cash to shareholders.
"G&K's strong operating performance continues to generate significant
cash flow," said Douglas A. Milroy, Chairman and Chief Executive
Officer. "That cash flow gives us the financial strength to continue to
invest in our business, while also increasing the capital we return to
shareholders."
The company declared a 19 percent increase to the quarterly dividend, to
$0.37 per share. The dividend will be payable on September 25, 2015 to
See full press release
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