ARAMARK Board of Directors Declares Quarterly Cash Dividend
14 November 2006 - 6:15PM
Business Wire
ARAMARK Corporation (NYSE:RMK), a world leader in providing
professional services, today announced that its Board of Directors
has declared a quarterly cash dividend of $0.07 per share on its
Class A and Class B common stock. The dividend will be payable on
December 7, 2006 to ARAMARK shareholders of record at the close of
business on November 24, 2006. About ARAMARK ARAMARK is a leader in
professional services, providing award-winning food services,
facilities management, and uniform and career apparel to health
care institutions, universities and school districts, stadiums and
arenas, and businesses around the world. In FORTUNE magazine's 2006
list of "America's Most Admired Companies," ARAMARK was ranked
number one in its industry, consistently ranking since 1998 as one
of the top three most admired companies in its industry as
evaluated by peers and industry analysts. The company was also
ranked first in its industry in the 2006 FORTUNE 500 survey.
Headquartered in Philadelphia, ARAMARK has approximately 240,000
employees serving clients in 20 countries. Learn more at the
company's Web site, www.aramark.com. Forward-Looking Statements
Forward-looking statements speak only as of the date made. We
undertake no obligation to update any forward-looking statements,
including prior forward-looking statements, to reflect the events
or circumstances arising after the date as of which they were made.
As a result of these risks and uncertainties, readers are cautioned
not to place undue reliance on any forward-looking statements
included herein or that may be made elsewhere from time to time by,
or on behalf of, us. This press release includes �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect our current views as to future
events and financial performance with respect to our operations.
These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such
as "aim," "anticipate," �are confident,� "estimate," "expect,"
"will be," "will continue," "will likely result," "project,"
"intend," "plan," "believe," �look to� and other words and terms of
similar meaning in conjunction with a discussion of future
operating or financial performance. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Factors that might cause such a difference include:
unfavorable economic conditions; ramifications of any future
terrorist attacks or increased security alert levels; increased
operating costs, including labor-related and energy costs;
shortages of qualified personnel or increases in labor costs; costs
and possible effects of further unionization of our workforce;
currency risks and other risks associated with international
markets; risks associated with acquisitions, including acquisition
integration issues and costs; our ability to integrate and derive
the expected benefits from our recent acquisitions; competition;
decline in attendance at client facilities; unpredictability of
sales and expenses due to contract terms and terminations; the
impact of natural disasters on our sales and operating results; the
risk that clients may become insolvent; the risk that our insurers
may become insolvent or may liquidate; the contract intensive
nature of our business, which may lead to client disputes; high
leverage; claims relating to the provision of food services; costs
of compliance with governmental regulations and government
investigations; liability associated with noncompliance with
governmental regulations, including regulations pertaining to food
services, the environment, the Federal school lunch program,
Federal and state employment and wage and hour laws and import and
export controls and customs laws; dram shop compliance and
litigation; contract compliance and administration issues,
inability to retain current clients and renew existing client
contracts; determination by customers to reduce their outsourcing
and use of preferred vendors; seasonality; and other risks that are
set forth in the �Risk Factors,� �Legal Proceedings� and
�Management Discussion and Analysis of Results of Operations and
Financial Condition� sections of and elsewhere in ARAMARK�s SEC
filings, copies of which may be obtained by contacting ARAMARK's
investor relations department via its website www.aramark.com.
ARAMARK Corporation (NYSE:RMK), a world leader in providing
professional services, today announced that its Board of Directors
has declared a quarterly cash dividend of $0.07 per share on its
Class A and Class B common stock. The dividend will be payable on
December 7, 2006 to ARAMARK shareholders of record at the close of
business on November 24, 2006. About ARAMARK ARAMARK is a leader in
professional services, providing award-winning food services,
facilities management, and uniform and career apparel to health
care institutions, universities and school districts, stadiums and
arenas, and businesses around the world. In FORTUNE magazine's 2006
list of "America's Most Admired Companies," ARAMARK was ranked
number one in its industry, consistently ranking since 1998 as one
of the top three most admired companies in its industry as
evaluated by peers and industry analysts. The company was also
ranked first in its industry in the 2006 FORTUNE 500 survey.
Headquartered in Philadelphia, ARAMARK has approximately 240,000
employees serving clients in 20 countries. Learn more at the
company's Web site, www.aramark.com. Forward-Looking Statements
Forward-looking statements speak only as of the date made. We
undertake no obligation to update any forward-looking statements,
including prior forward-looking statements, to reflect the events
or circumstances arising after the date as of which they were made.
As a result of these risks and uncertainties, readers are cautioned
not to place undue reliance on any forward-looking statements
included herein or that may be made elsewhere from time to time by,
or on behalf of, us. This press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect our current views as to future
events and financial performance with respect to our operations.
These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such
as "aim," "anticipate," "are confident," "estimate," "expect,"
"will be," "will continue," "will likely result," "project,"
"intend," "plan," "believe," "look to" and other words and terms of
similar meaning in conjunction with a discussion of future
operating or financial performance. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Factors that might cause such a difference include:
unfavorable economic conditions; ramifications of any future
terrorist attacks or increased security alert levels; increased
operating costs, including labor-related and energy costs;
shortages of qualified personnel or increases in labor costs; costs
and possible effects of further unionization of our workforce;
currency risks and other risks associated with international
markets; risks associated with acquisitions, including acquisition
integration issues and costs; our ability to integrate and derive
the expected benefits from our recent acquisitions; competition;
decline in attendance at client facilities; unpredictability of
sales and expenses due to contract terms and terminations; the
impact of natural disasters on our sales and operating results; the
risk that clients may become insolvent; the risk that our insurers
may become insolvent or may liquidate; the contract intensive
nature of our business, which may lead to client disputes; high
leverage; claims relating to the provision of food services; costs
of compliance with governmental regulations and government
investigations; liability associated with noncompliance with
governmental regulations, including regulations pertaining to food
services, the environment, the Federal school lunch program,
Federal and state employment and wage and hour laws and import and
export controls and customs laws; dram shop compliance and
litigation; contract compliance and administration issues,
inability to retain current clients and renew existing client
contracts; determination by customers to reduce their outsourcing
and use of preferred vendors; seasonality; and other risks that are
set forth in the "Risk Factors," "Legal Proceedings" and
"Management Discussion and Analysis of Results of Operations and
Financial Condition" sections of and elsewhere in ARAMARK's SEC
filings, copies of which may be obtained by contacting ARAMARK's
investor relations department via its website www.aramark.com.
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