Jim Cramer, the former hedge fund manager who now hosts CNBC's “Mad Money,” sang the praises of Rollins, parent company of Orkin, in a recent broadcast.

On the Feb. 11 broadcast Cramer asked, "Why should you care about Rollins? For the same reason we do, it’s the third-biggest dividend booster on our list."

Rollins raised its dividend by 28.6 percent, to 9 cents a quarter from 7 cents, resulting in an annualized payout of 36 cents and a 1.8 percent yield.

Cramer also noted that Rollins is also a cash generator that averages $76 million in free cash flow a year, with $82 million in just the first three quarters of 2009. And the company is now focused on improving customer retention and increasing its sales yield through better closure rates.

Additionally, Cramer said the company made a smart acquisition by buying Home Team Pest Defense in 2008.

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Source: CNBC