Rollins, Inc. (ROL) to Distribute Quarterly Dividend of $0.13 on March 10th

Rollins, Inc. (NYSE:ROLGet Rating) declared a quarterly dividend on Monday, January 23rd, RTT News reports. Investors of record on Friday, February 10th will be given a dividend of 0.13 per share by the business services provider on Friday, March 10th. This represents a $0.52 annualized dividend and a dividend yield of 1.43%.

Rollins has raised its dividend by an average of 11.1% annually over the last three years and has raised its dividend every year for the last 2 years. Rollins has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 65.8%.

Rollins Price Performance

Rollins stock opened at $36.32 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.73. The company has a market capitalization of $17.89 billion, a PE ratio of 51.89 and a beta of 0.65. Rollins has a one year low of $28.50 and a one year high of $43.06. The business has a 50 day simple moving average of $38.15 and a 200 day simple moving average of $37.42.

Rollins (NYSE:ROLGet Rating) last posted its earnings results on Wednesday, October 26th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $729.70 million during the quarter, compared to the consensus estimate of $713.55 million. Rollins had a return on equity of 30.96% and a net margin of 13.12%. On average, sell-side analysts forecast that Rollins will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROL. upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Wells Fargo & Company lifted their price objective on Rollins from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Finally, Jefferies Financial Group initiated coverage on Rollins in a research report on Tuesday, October 25th. They issued a “hold” rating and a $36.00 price objective for the company.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 7,871 shares of Rollins stock in a transaction on Friday, November 4th. The stock was sold at an average price of $42.41, for a total transaction of $333,809.11. Following the completion of the sale, the insider now directly owns 93,016 shares of the company’s stock, valued at $3,944,808.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 53.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rollins

A number of institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new position in Rollins in the second quarter valued at about $29,000. Fred Alger Management LLC bought a new stake in shares of Rollins in the third quarter valued at about $41,000. Federated Hermes Inc. lifted its holdings in shares of Rollins by 98.8% in the third quarter. Federated Hermes Inc. now owns 2,280 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 1,133 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Rollins in the first quarter valued at about $80,000. Finally, Covestor Ltd lifted its holdings in shares of Rollins by 448.1% in the first quarter. Covestor Ltd now owns 3,530 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 2,886 shares in the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.

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Dividend History for Rollins (NYSE:ROL)

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