Dividend Flows Don’t Lie: G&K Services, Inc. (NASDAQ:GK) expects Dec 16, 2016 to be an important day for investors.

Dividend Flows Don't Lie: G&K Services, Inc. (NASDAQ:GK) expects Dec 16, 2016 to be an important day for investors.

G&K Services, Inc. (NASDAQ:GK) is expected to pay $0.39 on Dec 16, 2016. The indicated annual dividend is $1.56. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on G&K Services, Inc.’s current price of $96.77, the dividend is 0.40%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 16, 2016. The stock increased 0.10% or $0.1 on November 25, hitting $96.77. About 88,660 shares traded hands. G&K Services Inc (NASDAQ:GK) has risen 32.76% since April 25, 2016 and is uptrending. It has outperformed by 26.75% the S&P500.

G&K Services, Inc. is a service-focused well-known provider of branded uniform and facility services programs. The company has a market cap of $1.91 billion. The Firm provides a range of workwear and protective safety apparel through rental and direct purchase programs. It has a 29.27 P/E ratio. The Firm also supplies various facility services and products, including floor mats, towels, mops, restroom hygiene products, and first aid supplies.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.36, from 1.3 in 2016Q1. The ratio dropped, as 7 funds sold all G&K Services Inc shares owned while 49 reduced positions. 19 funds bought stakes while 54 increased positions. They now own 18.24 million shares or 0.39% less from 18.31 million shares in 2016Q1.
Bahl Gaynor Inc has invested 0.01% of its portfolio in G&K Services Inc (NASDAQ:GK). Moreover, Wellington Gp Llp has 0.03% invested in G&K Services Inc (NASDAQ:GK) for 1.50 million shares. Boston Ptnrs holds 0.03% of its portfolio in G&K Services Inc (NASDAQ:GK) for 256,292 shares. Ny State Teachers Retirement System has invested 0.01% of its portfolio in G&K Services Inc (NASDAQ:GK). State Common Retirement Fund reported 19,300 shares or 0% of all its holdings. Tci Wealth Advsrs Inc has 0% invested in the company for 12 shares. Neuberger Berman Group Limited Com accumulated 1.06M shares or 0.11% of the stock. Sawgrass Asset Limited Liability holds 11,460 shares or 0.04% of its portfolio. Millennium Mgmt Ltd Company owns 20,526 shares or 0% of their US portfolio. Asset Advsr has 11,212 shares for 0.18% of their US portfolio. Geode Management Ltd Llc last reported 0.01% of its portfolio in the stock. Renaissance Technologies Lc reported 163,990 shares or 0.02% of all its holdings. State Bank Of America De has 61,648 shares for 0% of their US portfolio. Quantbot Tech Lp last reported 87 shares in the company. Blair William Il accumulated 3,731 shares or 0% of the stock.

Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 8 selling transactions for $2.01 million net activity. 477 shares were sold by Cotter Jeffrey Louis, worth $46,264. Shares for $233,520 were sold by PIPPIN M LENNY. On Monday, August 29 FORTUN WAYNE M sold $233,040 worth of the stock or 2,400 shares. $411,739 worth of G&K Services Inc (NASDAQ:GK) was sold by Dietz Thomas Joseph. $227,424 worth of G&K Services Inc (NASDAQ:GK) shares were sold by RICHTER ALICE M. On Tuesday, September 13 Caine Lynn Crump sold $299,677 worth of the stock or 3,100 shares. On Monday, August 29 BRONSON JOHN S sold $327,602 worth of the stock or 3,369 shares.

G&K Services Inc (NASDAQ:GK) Ratings Coverage

Out of 3 analysts covering G&K (NASDAQ:GK), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. G&K has been the topic of 5 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Barrington Research on Thursday, September 3 with “Outperform”. The rating was downgraded by Barrington Research on Thursday, October 6 to “Mkt Perform”. The stock of G&K Services Inc (NASDAQ:GK) earned “Buy” rating by Sidoti on Wednesday, December 16. As per Monday, June 6, the company rating was downgraded by Sidoti. The firm has “Neutral” rating by JP Morgan given on Friday, August 19.

More important recent G&K Services Inc (NASDAQ:GK) news were published by: Fool.com which released: “Merger News Sends Cintas Corporation and G&K Services Inc Soaring Today” on August 16, 2016, also Marketwatch.com published article titled: “Cintas to buy G&K Services in a $2.2 billion deal”, Businesswire.com published: “G&K Services Shareholders Approve Merger with Cintas” on November 15, 2016. More interesting news about G&K Services Inc (NASDAQ:GK) was released by: Seekingalpha.com and their article: “G&K Services: Merger Update” with publication date: August 19, 2016.

GK Company Profile

G&K Services, Inc., incorporated on December 1, 1934, is a service-focused well-known provider of branded uniform and facility services programs. The Firm provides a range of workwear and protective safety apparel through rental and direct purchase programs. The Firm also supplies various facility services and products, including floor mats, towels, mops, restroom hygiene products, and first aid supplies. It also makes certain work apparel garments that are used to support its garment rental and direct purchase programs. It operates in two divisions: United States (includes the Dominican Republic) and Canada.

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