RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International has declared a quarterly cash dividend of $0.38 per share, payable on July 30, 2021, to stockholders of record as of July 15, 2021. This marks the 47th consecutive year of dividend increases, with the last increase being 5.6% in October 2020. RPM has returned approximately $2.6 billion in cash dividends to stockholders during this period. Currently, RPM's dividend yield at a share price of $90 stands at 1.69%.

Positive

• 47th consecutive year of dividend increases.
• Last dividend increase of 5.6% in October 2020.
• Total of approximately $2.6 billion returned to shareholders.

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 July 30, 2021 to stockholders of record as of July 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, RPM's dividend yield would be 1.69 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/20210702005011/en/

FAQ

What is RPM's dividend amount for July 2021?

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

When will RPM pay its dividend?

The dividend will be payable on July 30, 2021.

What is the dividend record of RPM International?

RPM has increased its cash dividends for 47 consecutive years.

What was the last dividend increase percentage for RPM?

The last cash dividend increase was 5.6% in October 2020.

What is RPM's dividend yield at a share price of $90?

RPM's dividend yield is 1.69% at a share price of $90.