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Friday, October 25, 2024

Rollins Dividend Increase

On 22 October, Rollins (ROL) increased its quarterly dividend by 10%, from 15¢ to 16.5¢ per share.

The dividend will be paid on 10 December to shareholders of record on 12 November. The ex-dividend date is 12 November.

ROL's contribution to DivGro's projected annual dividend income will increase by $18 to $198.

I own 300 shares of ROL at an average cost basis of $43.95 per share. Following this increase, my yield on cost is 1.50%. (ROL's forward yield is 1.40% at $47.24 per share). 

Since I opened my ROL position in February 2024, the stock has produced total returns of 9%, including $135 in dividend income. 

ROL has paid special dividends in the past, but the following table shows only quarterly dividends:

5-Year History of Dividend Payouts by Ex-Date
201920202021202220232024
$0.280$0.240$0.340$0.430$0.540$0.615
12.50%-14.29%41.67%26.47%25.58%13.89%
5-year DGR:16.76%17.04%

projected, assuming no further changes


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