Consumer and commercial services company Rollins, Inc. (ROL - Free Report) recently announced that it has repurchased 172,589 shares in the second quarter of 2013. The shares, which have a face value of $1, are bought from the open market at a weighted average price of $24.41 each. Share prices of Rollins closed firmly up 3.51% at $26.81 on Jul 1, 2013.
Rollins has actively pursued a share buyback program over the years. However, this share repurchase is the first such program since the Board of Directors approved 5.0 million additional stock purchases in Jul 2012. The recent share repurchase brings the total outstanding share count to 5,125, 594.
Apart from share repurchases, Rollins also returns significant cash to shareholders by paying regular quarterly dividends. During the first quarter, ended Mar 31, 2013, the company paid $13.1 million or 9 cents per share in cash dividends. Moreover, the company has made steady dividend hikes since 2000. Additionally, Rollins declared a special dividend of 12 cents per share at fiscal year end 2012.
Rollins operates through its wholly-owned subsidiaries such as Orkin Canada, HomeTeam Pest Defense, Western Pest Services and The Industrial Fumigant Company, to provide pest control services across the country.
Rollins currently carries a Zacks Rank #2 (Buy). Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated (ABM - Free Report) , GreenDot Corporation (GDOT - Free Report) and TeleTech Holdings Inc. (TTEC - Free Report) . While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech carry a Zacks Rank #2 (Buy).