G&K Services, Inc. (GK) Declares $6.00 Special Dividend; 11% Yield

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

The dividend will be payable on June 6, 2014, to stockholders of record on May 20, 2014.

The annual yield on the dividend is 11 percent.

“We’re building a great business for the long-run,” said Douglas A. Milroy, Chief Executive Officer. “This special dividend reflects our continuing confidence in the direction of the company and the ongoing strength of our cash flows. It also displays our commitment to maintaining an efficient capital structure and a disciplined approach to capital allocation.”

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

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