RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International (NYSE: RPM) has declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to shareholders of record as of July 17, 2024.

This follows a 10% dividend increase in October 2023, marking RPM's 50th consecutive year of increased dividends.

RPM is among an elite group of less than 0.5% of U.S. publicly traded companies with such a long history of increasing annual dividends. The company has returned approximately $3.5 billion in cash dividends to its shareholders over this period.

Positive

• RPM declared a quarterly dividend of $0.46 per share.
• Dividend payable on July 31, 2024, to shareholders of record by July 17, 2024.
• 50th consecutive year of increased cash dividends.
• Returned approximately $3.5 billion in cash dividends to shareholders.
• Belongs to an elite group of less than 0.5% of U.S. companies with such a dividend history.

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 $0.46 per share, payable on July 31, 2024, to stockholders of record as of July 17, 2024.

RPM’s last cash dividend increase of 10% in October 2023 marked RPM’s 50th 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 $3.5 billion in cash dividends to its stockholders.

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 is ranked on the Fortune 500® and employs approximately 17,300 individuals worldwide. Visit www.RPMinc.com to learn more.

For more information, contact Matt Schlarb, Senior Director of Investor Relations, at 330-220-6064 or mschlarb@rpminc.com.

From Fortune ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of RPM International Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240703509159/en/

Matt Schlarb, Senior Director of Investor Relations

330-220-6064

mschlarb@rpminc.com

Source: RPM International Inc.

FAQ

What is the dividend amount declared by RPM for July 2024?

RPM declared a quarterly cash dividend of $0.46 per share for July 2024.

When is RPM's dividend payable?

RPM's dividend is payable on July 31, 2024.

What is the record date for RPM's upcoming dividend?

The record date for RPM's upcoming dividend is July 17, 2024.

How long has RPM been increasing its annual dividends?

RPM has been increasing its annual dividends for 50 consecutive years.

How much cash dividends has RPM returned to shareholders?

RPM has returned approximately $3.5 billion in cash dividends to shareholders.

What is significant about RPM's dividend history?

RPM is among less than 0.5% of U.S. publicly traded companies with a 50-year history of increasing annual dividends.