RPM International Inc. to Issue Quarterly Dividend of $0.36 (NYSE:RPM)
RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Thursday, July 2nd, Zacks reports. Investors of record on Thursday, July 16th will be given a dividend of 0.36 per share by the specialty chemicals company on Friday, July 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, July 15th.
RPM International has increased its dividend by an average of 196.8% annually over the last three years and has raised its dividend every year for the last 45 years. RPM International has a payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 43.6%.
NYSE RPM opened at $75.71 on Tuesday. RPM International has a 12 month low of $42.85 and a 12 month high of $80.10. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.41 and a quick ratio of 1.46. The firm has a market capitalization of $9.82 billion, a PE ratio of 23.81, a P/E/G ratio of 1.42 and a beta of 1.14. The company’s 50 day simple moving average is $75.05 and its 200 day simple moving average is $69.91.
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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