RPM International Inc. (NYSE:RPM) Plans $0.35 Quarterly Dividend

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Friday, June 28th, RTT News reports. Shareholders of record on Tuesday, July 16th will be given a dividend of 0.35 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, July 15th.

RPM International has increased its dividend by an average of 7.5% annually over the last three years and has raised its dividend every year for the last 44 years. RPM International has a payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 42.6%.

RPM International stock opened at $61.73 on Friday. The company has a market cap of $8.09 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. RPM International has a 52-week low of $51.95 and a 52-week high of $68.13. The stock’s 50 day simple moving average is $59.28. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.81 and a quick ratio of 1.09.

A number of equities analysts have issued reports on RPM shares. JPMorgan Chase & Co. set a $60.00 price target on Bayerische Motoren Werke and gave the stock a “sell” rating in a report on Monday, April 8th. Gabelli restated a “buy” rating on shares of RPM International in a report on Monday, April 8th. TheStreet upgraded Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. BMO Capital Markets restated a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Finally, ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $66.57.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Dividend History for RPM International (NYSE:RPM)

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