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

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.54 per share by the specialty chemicals company on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, July 14th.

RPM International has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $5.96 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 36.2%.

RPM International Trading Down 0.2%

Shares of NYSE:RPM traded down $0.27 during trading on Wednesday, reaching $110.88. 819,388 shares of the company were exchanged, compared to its average volume of 987,983. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The firm has a market capitalization of $14.15 billion, a PE ratio of 21.36, a P/E/G ratio of 2.59 and a beta of 1.04. The business’s fifty day simple moving average is $104.35 and its 200-day simple moving average is $106.27. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. On average, research analysts anticipate that RPM International will post 5.46 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.