Market Overview

Ex-Dividend Date Insight: Rollins

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Rollins (NYSE: ROL) declared a dividend payable on December 10, 2020 to its shareholders as of October 27, 2020. It was also announced that shareholders of Rollins's stock as of November 10, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Rollins will be on November 9, 2020. The company's current dividend payout is at $0.08. That equates to a dividend yield of 0.54% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Rollins's Dividend Payouts And Yields

Over the past year, Rollins has experienced an overall downward trend regarding its dividend payouts and yields. Last year on February 7, 2020 the company's payout was $0.12, which has since decreased by $0.04. Similarly, Rollins's dividend yield last year was 1.32%, which has since declined by 0.78%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Rollins's previous dividends.

 

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Posted-In: Dividends

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