Rollins, Inc. (ROL) To Go Ex-Dividend on August 8th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Friday, August 9th will be given a dividend of 0.105 per share by the business services provider on Tuesday, September 10th. This represents a $0.42 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 8th.

Rollins has raised its dividend payment by an average of 24.1% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Rollins has a payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rollins to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 53.2%.

NYSE ROL opened at $32.15 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $10.81 billion, a PE ratio of 45.28 and a beta of 0.35. The company has a 50 day simple moving average of $36.29. Rollins has a 12-month low of $31.87 and a 12-month high of $43.91.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $524.00 million during the quarter, compared to analysts’ expectations of $523.88 million. Rollins had a net margin of 11.99% and a return on equity of 31.43%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, analysts expect that Rollins will post 0.72 EPS for the current fiscal year.

A number of analysts have issued reports on the stock. Macquarie assumed coverage on shares of Rollins in a research note on Monday, April 29th. They issued a “neutral” rating and a $38.90 target price for the company. ValuEngine upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research note on Monday, July 29th. Stifel Nicolaus cut shares of Rollins from a “hold” rating to a “sell” rating and reduced their target price for the company from $36.50 to $25.00 in a research note on Wednesday, June 26th. Finally, Nomura reduced their price objective on shares of Rollins from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.87.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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Dividend History for Rollins (NYSE:ROL)

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