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

Key Points

• $0.54 quarterly dividend declared, payable April 30 to shareholders of record April 16, representing a 2.0% yield and $2.16 annualized.
• The company has raised its dividend for 51 consecutive years, and a payout ratio around 34.6% is considered comfortably covered by earnings with analysts projecting continued support for the dividend.
• RPM topped expectations this quarter with $0.57 EPS versus $0.37 expected and $1.61 billion in revenue (up 8.9% year-over-year), indicating solid operational performance.

RPM International Inc. (NYSE:RPM - Get Free Report) declared a quarterly dividend on Wednesday, April 1st. Investors of record on Thursday, April 16th will be given a dividend of 0.54 per share by the specialty chemicals company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, April 16th.

RPM International has raised its dividend 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% 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 Price Performance

NYSE RPM opened at $109.28 on Tuesday. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. The stock has a market capitalization of $13.95 billion, a PE ratio of 21.06, a P/E/G ratio of 2.82 and a beta of 1.10. The stock has a 50-day simple moving average of $107.12 and a 200 day simple moving average of $108.05.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts anticipate that RPM International will post 5.5 EPS for the current year.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the transaction, the vice president owned 21,248 shares of the company's stock, valued at $2,343,866.88. This represents a 13.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fairway Wealth LLC grew its stake in RPM International by 4.4% in the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company's stock valued at $26,445,000 after acquiring an additional 9,409 shares during the period. Boston Trust Walden Corp grew its position in shares of RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company's stock valued at $76,942,000 after purchasing an additional 51,152 shares during the period. Pacer Advisors Inc. increased its stake in RPM International by 242.2% during the 3rd quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company's stock worth $2,330,000 after purchasing an additional 13,992 shares in the last quarter. Tredje AP fonden lifted its stake in RPM International by 90.4% in the third quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company's stock valued at $2,580,000 after buying an additional 10,393 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in RPM International by 1,863.4% in the fourth quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company's stock valued at $4,707,000 after buying an additional 42,952 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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.

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