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.
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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