RPM Declares Quarterly Dividend
MEDINA, Ohio--(BUSINESS WIRE)--Jan 2, 2020--
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 January 31, 2020 to stockholders of record as of January 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 $75.00,RPM’s dividend yieldwould be 1.92 percent.
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.
For more information, contact Russell L. Gordon, vice president and chief financial officer, at 330-273-5090 or firstname.lastname@example.org.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200102005042/en/
CONTACT: Russell L. Gordon
Vice President and Chief Financial Officer
KEYWORD: OHIO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY CHEMICALS/PLASTICS HOME GOODS MANUFACTURING BUILDING SYSTEMS RETAIL RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: RPM International Inc.
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PUB: 01/02/2020 09:00 AM/DISC: 01/02/2020 09:01 AM