RPM Declares Quarterly Dividend

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Get Alerts RPM Hot Sheet

Price: $102.22 +2.98%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 2.3%

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MEDINA, Ohio--(BUSINESS WIRE)-- RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.36 per share, payable on April 30, 2020 to stockholders of record as of April 16, 2020.

RPM's last cash dividend increase of 2.9 percent in October 2019 marked its 46th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all publicly traded U.S. companies. Only 41 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the Mergent Handbook of Dividend Achievers. During this timeframe, the company has returned approximately $2.5 billion in cash dividends to its stockholders. At a share price of $60.00, RPM's dividend yield would be 2.4 percent.

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces, to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 15,000 individuals worldwide. Visit www.RPMinc.com to learn more.