Rollins, Inc. (ROL) To Go Ex-Dividend on November 10th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 20th. Investors 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend 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% annually over the last three years and has increased its dividend every year for the last 4 years. Rollins has a 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 Up 0.6%

NYSE:ROL opened at $33.53 on Thursday. The firm has a market cap of $16.13 billion, a P/E ratio of 30.48, a P/E/G ratio of 3.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins has a fifty-two week low of $29.28 and a fifty-two week high of $66.14. The firm has a 50-day simple moving average of $33.76 and a two-hundred day simple moving average of $42.74.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Rollins will post 1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rollins

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Rollins during the 2nd quarter valued at $1,204,334,000. State Street Corp grew its holdings in shares of Rollins by 3.7% in the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock worth $566,046,000 after acquiring an additional 488,046 shares during the period. AMF Tjanstepension AB grew its holdings in shares of Rollins by 2.4% in the first quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock worth $195,974,000 after acquiring an additional 87,139 shares during the period. USS Investment Management Ltd increased its position in Rollins by 55.9% during the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after acquiring an additional 1,123,237 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after acquiring an additional 1,899,515 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

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.