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Shares of Aramark hit an all-time high after quarterly revenue rose on strong sales volumes from existing clients, prompting the food, facilities and uniform-services company to boost its dividend and launch a stock buyback program.

Key Takeaways Aramark reported better-than-expected adjusted profit as volumes increased.The food, beverages, and other services provider raised its quarterly dividend.The company also announced a $500 million share repurchase program.

Aramark (NYSE:ARMK) reported that consolidated revenue was up 5% year-over-year to $4.4 billion, largely driven by strong base business from volume across both segments with pricing normalizing from favorable inflation trends,