Sherwin-Williams Declares Dividend of $0.55 per Common Share

Rhea-AI Summary

The Sherwin-Williams Company (NYSE: SHW) announced a quarterly dividend of $0.55 per common share, payable on June 4, 2021, to shareholders of record on May 21, 2021. This dividend rate reflects the 3-for-1 stock split executed on March 31, 2021, and remains unchanged from the prior dividend of $1.65 on a pre-split adjusted basis. The announcement signals the company's commitment to returning value to its shareholders amidst ongoing market trends.

Positive

• Quarterly dividend of $0.55 represents ongoing shareholder returns.
• Dividend remains stable compared to previous pre-split amount of $1.65.

Negative

• None.

CLEVELAND, April 21, 2021 /PRNewswire/ -- The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.55 per common share payable on June 4, 2021, to shareholders of record on May 21, 2021. The dividend rate reflects the 3-for-1 stock split, distributed after close of trading on March 31, 2021, and is unchanged from the previous quarterly dividend, which was $1.65 on a pre-split adjusted basis.

Investor Relations Contacts:		Media Contact:
Jim Jaye		Julie Young
Senior Vice President, Investor Relations & Corporate Communications		Vice President, Global Corporate Communications
Sherwin-Williams		Sherwin-Williams
Direct:  216.515.8682		Direct:  216.515.8849
james.r.jaye@sherwin.com		corporatemedia@sherwin.com
Eric Swanson
Vice President, Investor Relations
Sherwin-Williams
Direct:  216.566.2766
eric.r.swanson@sherwin.com

 

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SOURCE The Sherwin-Williams Company

FAQ

What is the dividend amount declared by Sherwin-Williams?

Sherwin-Williams declared a quarterly dividend of $0.55 per common share.

When is the Sherwin-Williams dividend payable?

The dividend is payable on June 4, 2021.

What is the record date for the Sherwin-Williams dividend?

The record date for the dividend is May 21, 2021.

How does the recent stock split affect the dividend?

The dividend rate reflects a 3-for-1 stock split, remaining at $0.55, unchanged from the previous rate on a pre-split basis.