Rollins, Inc. Plans Quarterly Dividend of $0.10 (NYSE:ROL)

Rollins, Inc. (NYSE:ROLGet Rating) announced a quarterly dividend on Tuesday, April 26th, RTT News reports. Shareholders of record on Tuesday, May 10th will be given a dividend of 0.10 per share by the business services provider on Friday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%.

Rollins has increased its dividend by an average of 10.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Rollins has a payout ratio of 49.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Rollins to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 50.6%.

Shares of ROL stock traded down $0.86 during trading hours on Tuesday, reaching $32.72. 2,413,932 shares of the stock traded hands, compared to its average volume of 1,885,805. Rollins has a 1-year low of $28.50 and a 1-year high of $40.11. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $16.11 billion, a PE ratio of 46.65 and a beta of 0.60. The business has a fifty day moving average price of $33.69 and a 200 day moving average price of $33.78.

Rollins (NYSE:ROLGet Rating) last issued its earnings results on Wednesday, January 26th. The business services provider reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $600.30 million during the quarter, compared to analysts’ expectations of $583.63 million. Rollins had a return on equity of 31.49% and a net margin of 14.47%. Rollins’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts expect that Rollins will post 0.73 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of Rollins in a research note on Thursday, March 31st. They set a “hold” rating for the company. Royal Bank of Canada increased their price objective on Rollins from $33.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, April 11th. Finally, Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a report on Monday, April 4th.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Rollins by 15.0% in the fourth quarter. BlackRock Inc. now owns 19,375,406 shares of the business services provider’s stock valued at $662,833,000 after purchasing an additional 2,522,680 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Rollins by 56.4% during the second quarter. Morgan Stanley now owns 1,241,029 shares of the business services provider’s stock worth $42,444,000 after buying an additional 447,587 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Rollins by 9.2% in the fourth quarter. Deutsche Bank AG now owns 608,291 shares of the business services provider’s stock valued at $20,809,000 after acquiring an additional 51,306 shares during the period. Stifel Financial Corp grew its stake in shares of Rollins by 2.5% in the fourth quarter. Stifel Financial Corp now owns 447,710 shares of the business services provider’s stock worth $15,316,000 after acquiring an additional 10,782 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Rollins by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 411,173 shares of the business services provider’s stock worth $14,066,000 after acquiring an additional 3,832 shares during the period. Institutional investors own 39.29% of the company’s stock.

About Rollins (Get Rating)

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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Dividend History for Rollins (NYSE:ROL)

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