Rollins, Inc. Announces Three-For-Two Stock Split, Regular Quarterly And Special Cash Dividend

Rhea-AI Summary

Rollins, Inc. (NYSE:ROL) has announced a three-for-two stock split approved by its Board of Directors, effective December 10, 2020. Shareholders of record as of November 10, 2020, will receive one additional share for every two shares held, with cash paid for fractional shares. Additionally, the company declared a regular quarterly cash dividend of $0.08 per share and a special year-end dividend of $0.13 per share, both payable on December 10, 2020.

Positive

• Stock split enhances liquidity, making shares more accessible to investors.
• Regular quarterly dividend of $0.08 and special dividend of $0.13 signals strong financial health and commitment to returning value to shareholders.

Negative

• None.

ATLANTA, Oct. 27, 2020 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company announced today that the Board of Directors has approved a three-for-two stock split of the Company's common shares.

The split will be affected by issuing one additional share of common stock for every two shares of common stock held.  The additional shares will be distributed on December 10, 2020, to stockholders of record at the close of business on November 10, 2020.  Fractional share amounts resulting from the split will be paid to shareholders in cash.

In addition, the Company declared a regular quarterly cash dividend on its common stock of $0.08 per share plus a special year-end dividend of $0.13 per share both payable December 10, 2020 to stockholders of record at the close of business November 10, 2020.  Dividends will be paid on pre-split shares.

About Rollins
Rollins, Inc. is a premier global consumer and commercial services company.  Through its family of leading brands, Orkin, HomeTeam Pest Defense, Clark Pest Control, Orkin Canada, Western Pest Services, Northwest Exterminating, Critter Control, The Industrial Fumigant Company, Trutech, Orkin Australia, Waltham Services, OPC Services, PermaTreat, Rollins UK, Aardwolf Pestkare, and Crane Pest Control, the Company provides essential pest control services and protection against termite damage, rodents and insects to more than two million customers in North America, South America, Europe, Asia, Africa, and Australia from more than 700 locations. You can learn more about Rollins and its subsidiaries by visiting our web sites at www.orkin.com, www.pestdefense.com, www.clarkpest.com, www.orkincanada.ca, www.westernpest.com, www.callnorthwest.com,  www.crittercontrol.com, www.indfumco.com, www.trutechinc.com, www.orkinau.com, www.walthamservices.com, www.opcpest.com, www.permatreat.com, www.safeguardpestcontrol.co.uk, www.aardwolfpestkare.com,  www.cranepestcontrol.com and www.rollins.com. You can also find this and other news releases at www.rollins.com by accessing the news releases button.

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For Further Information Contact
Eddie Northen (404) 888-2242

 

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SOURCE Rollins, Inc.

FAQ

What is the stock split ratio for Rollins, Inc.?

Rollins, Inc. announced a three-for-two stock split.

When is the Rollins, Inc. stock split effective?

The stock split is effective on December 10, 2020.

What is the dividend amount declared by Rollins, Inc.?

Rollins, Inc. declared a regular quarterly cash dividend of $0.08 per share and a special year-end dividend of $0.13 per share.

When will the dividends for Rollins, Inc. be paid?

The dividends will be paid on December 10, 2020, to shareholders of record as of November 10, 2020.

How does the stock split affect my shares of Rollins, Inc.?

Shareholders will receive one additional share for every two shares held, enhancing liquidity and making shares more accessible.