Waltham-based Mac-Gray Corp.’s board approved a 45 percent increase in the quarterly dividend on the company’s common stock, to 35 cents per share on an annualized basis. Mac-Gray also said it expects revenue of $322 million for 2012, flat with 2011. Mac-Gray derives its revenue principally through the contracting of laundry facilities in multi-unit housing facilities such as apartment buildings, university residence halls, condominiums, and public housing complexes.
Mac-Gray raises its dividend 45 percent
You have reached the limit of 10 free articles in a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than 25¢ a week