Rollins Buys Back Stock

The pest-control giant pays an average of $19 a share during the second quarter.
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Termite control titan


(ROL) - Get Report

bought back 26,388 shares last quarter under an existing repurchase program.

The company said it paid an average of $19 each for the shares. Rollins, which provides essential pest-control services and protection against termite damage, rodents and insects to 1.7 million customers in North America, closed Wednesday at $20.71.

The Atlanta-based company, which operates under the Orkin and Western Pest Services brands, said it has board authority to buy back as many as 4,249,828 additional shares under the open-ended program.

Rollins had 68 million shares outstanding as of March.