RPM International sets quarterly dividend at $0.51 per share

MEDINA, Ohio - RPM International Inc. (NYSE: RPM), a global leader in specialty coatings and sealants with a market capitalization of $14.87 billion, announced that its board of directors has declared a regular quarterly cash dividend of $0.51 per share. The dividend is payable on April 30, 2025, to shareholders of record as of April 17, 2025. The current dividend yield stands at 1.76%, with the company demonstrating a robust dividend growth rate of 10.87% over the last twelve months.

This dividend announcement follows RPM’s trend of increasing cash dividends, a streak that has continued for 53 consecutive years, marking the company’s commitment to shareholder returns. RPM’s history of dividend increases places it in a unique category of longevity, with less than 0.5% of all publicly traded U.S. companies having achieved a similar record. According to Dividend Radar, only 41 other U.S. companies have a longer history of consecutive annual dividend increases. According to InvestingPro analysis, RPM maintains an impressive financial health score of "GREAT," with liquid assets exceeding short-term obligations and a healthy current ratio of 2.23.

Over the years, RPM has returned approximately $3.6 billion in cash dividends to its stockholders. This consistent return to shareholders reflects the company’s strong financial position and its ability to generate cash flow while investing in growth opportunities. Based on InvestingPro’s Fair Value analysis, RPM is currently trading near its Fair Value, with eight additional ProTips available to subscribers regarding the company’s valuation and growth prospects.

RPM International Inc. is recognized for its diverse portfolio of market-leading brands such as Rust-Oleum, DAP, and Zinsser. The company is structured into four reportable segments: consumer, construction products, performance coatings, and specialty products. With annual revenues of $7.35 billion and a global footprint, RPM employs around 17,200 individuals and has earned a place on the Fortune 500 list, highlighting its scale and influence in the industry. Discover more detailed insights and comprehensive analysis in RPM’s Pro Research Report, available exclusively on InvestingPro.

The information regarding the dividend is based on a press release statement from RPM International Inc.

In other recent news, RPM International Inc. has reported its financial results for the first quarter of fiscal year 2024, surpassing earnings expectations with an earnings per share (EPS) of $1.39 and revenue of $1.85 billion, both exceeding forecasts. Despite these positive results, the company experienced a dip in premarket trading, reflecting broader market concerns. Meanwhile, BMO Capital Markets reaffirmed their Outperform rating on RPM, acknowledging the company’s robust performance amidst economic challenges. In contrast, Mizuho Securities adjusted its price target for RPM from $150.00 to $140.00, maintaining an Outperform rating despite softer guidance for the February 2025 quarter.

KeyBanc Capital Markets maintained a Sector Weight rating on RPM, noting the company’s potential for growth due to shifts in U.S. policy and construction activities. The firm also highlighted RPM’s upcoming MAP program and anticipated increase in acquisition efforts. RPM’s guidance for the February quarter indicates flat EBIT due to adverse weather conditions, but a stronger performance is expected for the May quarter of 2025, with a forecasted 13% year-over-year increase. Analysts from Mizuho emphasized the contrasting quarterly expectations, citing challenges in the February quarter but positive projections for May. These developments reflect RPM’s strategic initiatives and market positioning amid a complex economic landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.