RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International Inc. (NYSE: RPM) announced a quarterly cash dividend of $0.42 per share, payable on April 28, 2023, for stockholders recorded as of April 13, 2023. This dividend represents the 49th consecutive year of increased cash dividends, placing RPM among the top less than 0.5% of U.S. publicly traded companies with such a record. RPM has returned approximately $3.2 billion in dividends over this period, with an annual dividend yield of 1.9% based on a share price of $87.00.

Positive

• Declared a quarterly cash dividend of $0.42 per share.
• 49 consecutive years of dividend increases, indicating strong financial health.
• Approximately $3.2 billion returned to shareholders in dividends.

Negative

• None.

MEDINA, Ohio--(BUSINESS WIRE)-- RPM International Inc. (NYSE: RPM) today announced that its board of directors declared a regular quarterly cash dividend of $0.42 per share, payable on April 28, 2023, to stockholders of record as of April 13, 2023.

RPM’s last cash dividend increase of 5.0 percent in October 2022 marked RPM’s 49th 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 U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. During this timeframe, the company has returned approximately $3.2 billion in cash dividends to its stockholders. At a share price of $87.00, RPM's annual dividend yield would be 1.9 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 of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, DayGlo, 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 16,800 individuals worldwide. Visit www.RPMinc.com to learn more.

For more information, contact Matt Schlarb, senior director – investor relations, at 330-220-6064 or mschlarb@rpminc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230403005265/en/

Matt Schlarb, senior director – investor relations

330-220-6064

mschlarb@rpminc.com

Source: RPM International Inc.

FAQ

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

RPM International Inc. declared a quarterly cash dividend of $0.42 per share.

When is the dividend payment date for RPM?

The dividend payment date for RPM is April 28, 2023.

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

Based on a share price of $87.00, RPM's annual dividend yield is 1.9%.

How long has RPM been increasing its cash dividends?

RPM has increased its cash dividends for 49 consecutive years.

How much has RPM returned to shareholders in cash dividends?

RPM has returned approximately $3.2 billion to its shareholders in cash dividends.