RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International Inc. (NYSE: RPM) declared a quarterly cash dividend of $0.40 per share, payable on April 29, 2022, to stockholders of record as of April 14, 2022. This marks the company's 48th consecutive year of increasing cash dividends, with a 5.3% increase in October 2021. RPM has returned approximately $2.8 billion in cash dividends since then, resulting in a dividend yield of 1.96% at a share price of $81.50.

Positive

• Declared quarterly cash dividend of $0.40 per share.
• 48th consecutive year of increased cash dividends.
• Returned approximately $2.8 billion in cash dividends to shareholders.

Negative

• None.

MEDINA, Ohio--(BUSINESS WIRE)-- RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.40 per share, payable on April 29, 2022 to stockholders of record as of April 14, 2022.

RPM's last cash dividend increase of 5.3 percent in October 2021 marked its 48th 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 $2.8 billion in cash dividends to its stockholders. At a share price of $81.50, RPM's dividend yield would be 1.96 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 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 15,500 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/20220401005110/en/

Russell L. Gordon

Vice President and Chief Financial Officer

330-273-5090

rgordon@rpminc.com

Source: RPM International Inc.

FAQ

What is the dividend amount declared by RPM International Inc. for April 2022?

RPM International Inc. declared a quarterly cash dividend of $0.40 per share.

When is the RPM dividend payment date?

The dividend payment date is April 29, 2022.

What is RPM's dividend yield at the current share price?

RPM's dividend yield is 1.96% at a share price of $81.50.

How many consecutive years has RPM International Inc. increased its cash dividends?

RPM has increased its cash dividends for 48 consecutive years.