RPM International Inc. (NYSE:RPM) to Issue $0.54 Quarterly Dividend

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 2nd. Shareholders of record on Friday, January 16th will be given a dividend of 0.54 per share by the specialty chemicals company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 16th.

RPM International has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect RPM International to earn $6.13 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 35.2%.

RPM International Trading Down 0.2%

Shares of RPM International stock traded down $0.24 during trading hours on Friday, hitting $103.76. The company’s stock had a trading volume of 1,272,433 shares, compared to its average volume of 807,545. The firm has a fifty day moving average of $106.37 and a 200-day moving average of $113.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.92 and a beta of 1.11. RPM International has a twelve month low of $95.28 and a twelve month high of $129.12.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. RPM International’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts forecast that RPM International will post 5.5 EPS for the current year.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.