RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International Inc. (NYSE: RPM) has declared a quarterly cash dividend of $0.38 per share, payable on January 29, 2021, to stockholders on record as of January 15, 2021. This marks the 47th consecutive year of increased dividends, with a total of approximately $2.6 billion returned to shareholders during this period. Following the last cash dividend increase of 5.6% in October 2020, RPM's current dividend yield stands at 1.68% at a share price of $90.50.

Positive

• 47 consecutive years of dividend increases demonstrates long-term financial stability.
• Increased cash dividends contribute to shareholder confidence and income.
• Total dividends returned to shareholders amount to approximately $2.6 billion.

Negative

• None.

RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.38 per share, payable on January 29, 2021 to stockholders of record as of January 15, 2021.

RPM's last cash dividend increase of 5.6 percent in October 2020 marked its 47th 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 $2.6 billion in cash dividends to its stockholders. At a share price of $90.50, RPM's dividend yield would be 1.68 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 14,600 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 rgordon@rpminc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005062/en/

FAQ

When is RPM's dividend payment date?

RPM's dividend payment date is January 29, 2021.

What is the amount of RPM's declared dividend?

RPM has declared a quarterly cash dividend of $0.38 per share.

How many years has RPM paid increasing dividends?

RPM has paid increasing dividends for 47 consecutive years.

What is RPM's dividend yield?

RPM's current dividend yield is 1.68% based on a share price of $90.50.