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
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $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