UPDATE: G&K Services, Inc. (GKSR) Declares $6.00 Special Dividend, 17.3% Yield; Announces 50% Hike in Qtr. Dividend

April 4, 2012 7:02 AM EDT
(Updated - April 4, 2012 7:04 AM EDT)

G&K Services, Inc. (NASDAQ: GKSR) declared a special dividend of $6.00 per share.

The dividend will be payable on April 27, 2012, to stockholders of record on April 13, 2012, with an ex-dividend date of April 11, 2012.

The annual yield on the dividend is 17.3 percent.

The company also authorized a 50 percent increase in the regular quarterly dividend. The dividend will now be $0.195 per share, up from $0.13 per share previously.

For a dividend history and other dividend-related data on G&K Services, Inc. (GKSR) click here.


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