Why Rollins Stock Rose 14% in January
Shares of Rollins (NYSE: ROL) jumped 14.4% last month, according to data from S&P Global Market Intelligence. The pest control specialist delivered solid fourth-quarter financial results and boosted its cash payout to investors.
Rollins' revenue climbed 13.8% year over year, to $506 million, in the fourth quarter. That helped to drive a 10.5% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) to $97 million.
Rollins' management is committed to passing much of these profits on to shareholders through a steadily rising dividend. The company raised its quarterly cash payout by 14.3%, to $0.12 per share, marking the 18th straight year Rollins has increased its dividend by at least 12%.
Source Fool.com
