Item 5. Market for Registrant's Common Equity,
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Item 5. Market for Registrant's Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Cintas' common stock is traded on the NASDAQ Global Select Market under the symbol "CTAS." The following table shows the high and low sales prices of shares of Cintas' common stock by quarter during the last two fiscal years:
| Fiscal 2013 | |||||||
| Quarter Ended | High | Low | |||||
| May 2013 | $ | 46.27 | $ | 42.11 | |||
| February 2013 | 45.29 | 40.13 | |||||
| November 2012 | 45.60 | 39.22 | |||||
| August 2012 | 41.64 | 35.41 | |||||
| Fiscal 2012 | |||||||
| Quarter Ended | High | Low | |||||
| May 2012 | $ | 40.61 | $ | 36.40 | |||
| February 2012 | 39.34 | 29.31 | |||||
| November 2011 | 32.48 | 26.39 | |||||
| August 2011 | 34.54 | 26.59 |
Holders
At May 31, 2013, there were approximately 2,000 shareholders on record of Cintas' common stock. Cintas believes that this represents approximately 30,000 beneficial owners.
Dividends
Dividends on Cintas' outstanding common stock have been paid annually and amounted to $0.64 per share, $0.54 per share, and $0.49 per share in fiscal 2013, 2012 and 2011, respectively.
Stock Performance Graph
The following graph summarizes the cumulative return on $100 invested in Cintas' common stock, the S&P 500 Stock Index and the common stocks of a selected peer group of companies. Because our products and services are diverse, Cintas does not believe that any single published industry index is appropriate for comparing shareholder return. Therefore, the peer group used in the performance graph combines four publicly traded companies in the business services industry that have similar characteristics as Cintas, such as route based delivery of products and services. Prior to fiscal 2013, Cintas compared its common stock returns to the following publicly traded companies: G & K Services, Inc., UniFirst Corporation, ABM Industries and Ecolab, Inc. (Old Peer Group). In December 2011, Ecolab, Inc. acquired Nalco Holding Company, a chemicals and water treatment company, significantly diversifying Ecolab's business in terms of both operations and industry and removing those same characteristics for which we chose to include them in the Old Peer Group. As a result, Cintas made the change to a new peer group (New Peer Group). The companies included in the New Peer Group are G & K Services, Inc., UniFirst Corporation, ABM Industries and Iron Mountain, Inc. In fiscal 2002, Cintas entered the Document Management business, and that business has now grown to 8% of Cintas' total revenue. Iron Mountain, Inc. is also in the Document Management business.
Total shareholder return was based on the increase in the price of the common stock and assumed reinvestment of all dividends. Further, total return was weighted according to market capitalization of each company. The companies in the New Peer Group are not the same as those considered by the Compensation Committee of the Board of Directors.
Total Shareholder Returns
Comparison of Five-Year Cumulative Total Return

Purchases of Equity Securities by the Issuer and Affiliated Purchases
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of the publicly announced plan (1) | Maximum approximate dollar value of shares that may yet be purchased under the plan (1) | |||||||||
| March 1 - 31, 2013 | 235,758 | $ | 43.06 | 235,758 | $ | 180,791,478 | |||||||
| April 1 - 30, 2013 (2) | 420,426 | 43.73 | 419,260 | 162,460,106 | |||||||||
| May 1 - 31, 2013 (3) | 1,532 | 45.17 | — | 162,460,106 | |||||||||
| Total | 657,716 | $ | 43.49 | 655,018 | $ | 162,460,106 |
(1) On October 18, 2011, Cintas announced that the Board of Directors authorized a $500.0 million share buyback program at market prices. Beginning in April 2012, under the October 18, 2011 program, through May 31, 2013, Cintas has purchased a total of 8.4 million shares of Cintas stock at an average price of $40.23 per share for a total purchase price of $337.5 million.
(2) During April 2013, Cintas acquired 1,166 shares of Cintas common stock in trade for employee payroll taxes due on restricted stock awards that vested during the fiscal year. These shares were purchased at an average price of $44.87 per share for a total purchase price of less than $0.1 million.
(3) During May 2013, Cintas acquired 1,532 shares of Cintas common stock in trade for employee payroll taxes due on restricted stock awards that vested during the fiscal year. These shares were purchased at an average price of $45.17 per share for a total purchase price of less than $0.1 million.
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