Rollins, Inc. (NYSE:ROL) Plans Dividend Increase – $0.20 Per Share

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.20 per share by the business services provider on Thursday, December 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, November 10th. This is a 9.6% increase from Rollins’s previous quarterly dividend of $0.1825.

Rollins has raised its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 4 years. Rollins has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 57.0%.

Rollins Stock Performance

Shares of Rollins stock traded up $0.20 during midday trading on Wednesday, hitting $33.54. The company had a trading volume of 1,759,288 shares, compared to its average volume of 4,517,074. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 3.63 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $33.82 and a 200 day simple moving average of $42.88. Rollins has a 12-month low of $29.28 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. As a group, analysts predict that Rollins will post 1.16 earnings per share for the current fiscal year.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.