Rollins Dividend Increase

Image Source: PixabayOn 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

^?projected, assuming no further changesMore By This Author:Starbucks Dividend IncreaseLockheed Martin Dividend IncreaseMicrosoft Dividend Increase