MEDINA, Ohio - RPM International Inc. (NYSE: NYSE:RPM), a leader in specialty coatings, sealants, and building materials, has declared a regular quarterly cash dividend of $0.51 per share, representing a 1.71% yield. The dividend is payable on January 31, 2025, to shareholders of record as of January 17, 2025. According to InvestingPro data, the company’s dividend growth rate stands at 21.43% over the last twelve months.
The company’s recent dividend increase in October 2024 was the 51st consecutive year of dividend growth for RPM, showcasing its commitment to shareholder returns. This milestone places RPM among a unique group of less than 0.5% of all publicly traded U.S. companies that have achieved a similar track record of annual dividend increases. RPM stands alongside only 41 other U.S. companies that have a longer history of consistent dividend growth, as reported by Dividend Radar. InvestingPro analysis reveals the company maintains strong financial health with a "GREAT" overall score and liquid assets exceeding short-term obligations with a current ratio of 2.26.
Over the years, RPM has returned approximately $3.6 billion in cash dividends to its stockholders, underlining the company’s financial strength and its strategy of delivering value to its investors.
RPM International Inc. operates through four main business segments: consumer, construction products, performance coatings, and specialty products. The company’s portfolio includes well-known brands such as Rust-Oleum, DAP, and Zinsser, which have become trusted names in both consumer and professional markets.
The Fortune 500 company employs around 17,200 people worldwide and continues to focus on delivering high-quality products and services across its segments. This dividend announcement is based on a press release statement from RPM International Inc.
In other recent news, RPM International Inc. has seen significant developments. The company recently announced the acquisition of TMP Convert SAS, a French manufacturer, which will become part of RPM’s Performance Coatings Group. This move aims to extend RPM’s global reach in decking and landscaping solutions. RPM also announced a transition in its legal department leadership, with Tracy D. Crandall taking over as vice president, general counsel, and chief compliance officer from Edward W. Moore.
In financial developments, RPM International reported a 2.1% decline in sales in its fiscal first quarter 2025 results, but a 12.2% rise in adjusted EPS to $1.84. The company also repaid $75 million in debt, reducing interest expenses. Furthermore, RPM announced a 10.9% increase in its quarterly cash dividend to $0.51 per share, marking the 51st consecutive year of dividend raises.
These recent developments reflect RPM International’s strategic focus and resilience in the face of external challenges such as Hurricane Helene and foreign exchange headwinds. The company’s full-year guidance remains steady with low single-digit sales growth and mid-single-digit adjusted EBIT increases. RPM’s MAP 2025 initiative is on track to achieve $465 million in savings by May 2025, and the company plans to continue $50 million in annual share repurchases.
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