Rollins Inc. (ROL), a major consumer and commercial services company, recently announced a special year-end dividend of 9 cents per share payable on Dec 10, 2013, to shareholders of record date Nov 8.
In addition to this, the company will pay regular quarterly dividends of 9 cents per share to the shareholders.
Rollins had maintained a steady dividend of 9 cents per share during all preceding quarters of 2013. Moreover, the company made periodic dividend hikes since 2000. Additionally, a special dividend of 12 cents per share was also declared at year-end 2012.
Apart from rewarding shareholders with dividends, the company also returns significant cash to shareholders through share repurchases. During the third quarter ended Sep 30, 2013, the company purchased 168,110 shares under its share repurchase program.
The company also repurchased 172,589 shares in second-quarter 2013. The shares, having face value of $1, were bought from the open market at a weighted average price of $24.41 each.
The company has repurchased a total of 340,699 shares year-to-date. Under its share repurchase program, the company currently has 4,957,484 additional shares available for buying.
Rollins operates through its wholly-owned subsidiaries like Orkin Canada, HomeTeam Pest Defense, Western Pest Services and The Industrial Fumigant Company.
Rollins currently carries a Zacks Rank #3 (Hold). Other well-positioned stocks in the Business Services sector include ABM Industries Inc. (ABM), Clear Channel Outdoor Holdings Inc. (CCO) and Huron Consulting Group Inc. (HURN), all of which carry a Zacks Rank #2 (Buy).
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment