Rollins, Inc. (ROL) to Distribute Quarterly Dividend of $0.20 on December 10th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Tuesday, November 10th will be paid 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 dividend yield of 2.1%. 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 increased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 4 years. Rollins has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 64.5%.

Rollins Stock Performance

Rollins stock opened at $37.96 on Friday. The stock has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $46.37. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. Rollins has a 12-month low of $29.28 and a 12-month high of $66.14. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 4.30 and a beta of 0.73.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, research analysts anticipate that Rollins will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rollins

Several hedge funds have recently added to or reduced their stakes in ROL. BlackRock Inc. acquired a new position in shares of Rollins in the 2nd quarter valued at $1,204,334,000. Legal & General Group Plc acquired a new stake in Rollins during the 2nd quarter worth $84,181,000. Bank of New York Mellon Corp acquired a new stake in Rollins during the 2nd quarter worth $65,993,000. Manning & Napier Advisors LLC acquired a new stake in Rollins during the 2nd quarter worth $63,126,000. Finally, Danske Bank A S bought a new position in Rollins during the second quarter worth about $61,792,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.