RPM Declares Quarterly Dividend

Rhea-AI Summary

RPM International Inc. has declared a quarterly cash dividend of $0.40 per share, payable on July 29, 2022, for stockholders on record by July 15, 2022. This marks the 48th consecutive year of increasing dividends, with a previous increase of 5.3% in October 2021. RPM has returned approximately $2.8 billion in cash dividends to its shareholders during this period. At a share price of $80.00, RPM's dividend yield stands at 2.0%.

Positive

• Declared a quarterly cash dividend of $0.40 per share.
• 48th consecutive year of increased dividends.
• Returned approximately $2.8 billion in 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 July 29, 2022, to stockholders of record as of July 15, 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 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 $2.8 billion in cash dividends to its stockholders. At a share price of $80.00, RPM's dividend yield would be 2.0 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 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/20220705005091/en/

Russell L. Gordon, vice president and chief financial officer

330-273-5090 or rgordon@rpminc.com

Source: RPM International Inc.

FAQ

What is the RPM dividend amount for July 2022?

The RPM dividend amount for July 2022 is $0.40 per share.

When will RPM pay its dividend?

RPM will pay its dividend on July 29, 2022.

What is RPM's dividend yield?

RPM's dividend yield is 2.0% at a share price of $80.00.

How long has RPM been increasing dividends?

RPM has been increasing its dividends for 48 consecutive years.