Rollins boosts quarterly dividend by 10 percent

ATLANTA - Rollins, Inc. (NYSE:ROL), a global consumer and commercial services provider with a market capitalization of $23.5 billion, has announced a 10 percent increase in its regular quarterly cash dividend. The dividend, which has been raised to $0.165 per share, is scheduled to be paid on March 10, 2025, to shareholders on record as of February 25, 2025. According to InvestingPro data, this marks the company's 22nd consecutive year of dividend increases, demonstrating a remarkable track record of growing shareholder returns.

This increase represents a notable rise from the dividend paid in the same quarter the previous year, bringing the current dividend yield to 1.36%. Rollins, Inc., known for its extensive portfolio of pest control services, operates under a family of brands that include well-known names such as Orkin and HomeTeam Pest Defense. The company employs over 20,000 people and services more than 2.8 million customers across various continents including North America, South America, Europe, Asia, Africa, and Australia. With impressive gross profit margins of 52.6% and revenue growth of 11.1% over the last twelve months, Rollins demonstrates strong operational efficiency.

Rollins' network extends beyond 800 locations, and its services are critical in providing protection against termite damage, rodents, and insects. The company's growth and consistent dividend payments reflect its position in the market and its commitment to returning value to its shareholders.

The announcement is based on a press release statement from Rollins, Inc. and comes as a piece of important information for investors and market watchers, highlighting the company's financial health and its ability to increase shareholder returns. This move could be seen as a signal of confidence from the company's Board of Directors in its financial stability and future outlook.

Investors holding shares of Rollins, Inc. can anticipate the forthcoming dividend payment, which aligns with the company's history of regular shareholder payouts. The firm's strategic operations and broad international footprint underline its status as a significant player in the consumer and commercial services sector.

As the dividend date approaches, shareholders of record by the end of business on February 25, 2025, will be eligible for the increased dividend payout, marking another chapter in the company's ongoing financial narrative. InvestingPro analysis indicates that Rollins maintains a "GREAT" overall financial health score and has maintained dividend payments for 54 consecutive years, though the stock currently trades above its Fair Value. For deeper insights into Rollins' financial health and valuation metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Rollins Inc . has seen significant developments. The company reported revenue growth of 11.1% in the last twelve months and a 9% increase in Q3 revenue, reaching $916 million. This growth was attributed to strategic acquisitions and a focus on organic growth, which also led to an improvement in gross margins of 54% and an adjusted EBITDA of $219 million. Rollins also announced a 10% dividend increase, backed by free cash flow growth.

On the leadership front, John F. Wilson will assume the role of Executive Chairman of the Board, transitioning from his current position as Vice Chairman. Concurrently, Gary W. Rollins will transition from his role as Executive Chairman of the Board to Executive Chairman Emeritus. Furthermore, Rollins appointed Clay Scherer as Group Vice President of Technical Services, marking a significant addition to the company's leadership team.

On the analyst front, CFRA downgraded Rollins stock from Hold to Sell, citing concerns over increasing costs and premium valuation. Meanwhile, both Barclays (LON:BARC) and Jefferies maintained neutral positions, assigning an Equal Weight rating and maintaining a Hold rating respectively. These recent developments reflect Rollins' ongoing commitment to strategic growth and operational efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.