Rollings Increases Quarterly Dividend From $0.13 To $0.15 Per Share
Portfolio Pulse from Happy Mohamed
Rollins, Inc. (NYSE:ROL) has announced a 15% increase in its regular quarterly cash dividend from $0.13 to $0.15 per share, payable on December 11, 2023. The company's CFO, Kenneth Krause, stated that the increase reflects their commitment to return capital to shareholders and confidence in the company's future.
October 24, 2023 | 9:04 pm
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Rollins, Inc. has increased its quarterly dividend by 15%, which may attract income-focused investors and potentially boost the stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract income-focused investors, potentially leading to an increase in demand for the stock and a short-term boost in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100