Rollins Inc. to Issue Quarterly Dividend of $0.10 (ROL)

Posted by on Jul 30th, 2016

Rollins Inc. (NYSE:ROL) declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Wednesday, August 10th will be paid a dividend of 0.10 per share on Friday, September 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%.

Shares of Rollins (NYSE:ROL) traded down 0.17% on Tuesday, hitting $29.16. The stock had a trading volume of 220,903 shares. The firm has a market capitalization of $6.38 billion and a price-to-earnings ratio of 41.48. Rollins has a 1-year low of $23.69 and a 1-year high of $30.42. The firm has a 50 day moving average of $28.69 and a 200-day moving average of $27.46.

A number of brokerages have recently issued reports on ROL. Nomura Holdings Inc. began coverage on Rollins in a research note on Tuesday, April 19th. They issued a “buy” rating and a $31.00 price objective on the stock. Zacks Investment Research downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th.

In related news, VP Eugene A. Iarocci sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $28.82, for a total value of $144,100.00. Following the completion of the transaction, the vice president now directly owns 148,026 shares in the company, valued at approximately $4,266,109.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas E. Luczynski sold 6,157 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $27.99, for a total transaction of $172,334.43. Following the completion of the transaction, the insider now owns 156,241 shares of the company’s stock, valued at $4,373,185.59. The disclosure for this sale can be found here.

Rollins, Inc is a service company, which provides pest and termite control services. The Company operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.