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

Key Points

• RPM International Inc. has declared a quarterly dividend of $0.54 per share, reflecting a 5.9% increase from the previous dividend of $0.51.
• The company's latest earnings report revealed an EPS of $1.88, slightly above the estimated $1.87, with a revenue increase of 7.4% compared to the same quarter last year.
• Shares of RPM International are currently trading down by 0.3%, and the company maintains a favorable dividend payout ratio of 32.7% that indicates solid earnings coverage.

RPM International Inc. (NYSE:RPM - Get Free Report) declared a quarterly dividend on Thursday, October 2nd, RTT News reports. Shareholders of record on Monday, October 20th will be given a dividend of 0.54 per share by the specialty chemicals company on Friday, October 31st. This represents a c) annualized dividend and a yield of 1.8%. This is a 5.9% increase from RPM International's previous quarterly dividend of $0.51.

RPM International has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $6.13 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 33.3%.

RPM International Stock Down 0.3%

Shares of RPM traded down $0.36 during midday trading on Thursday, hitting $116.83. The company had a trading volume of 662,890 shares, compared to its average volume of 776,817. The company's 50-day simple moving average is $122.54 and its 200-day simple moving average is $114.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. The firm has a market capitalization of $14.99 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.96 and a beta of 1.04. RPM International has a 1 year low of $95.28 and a 1 year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.05 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%.The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. As a group, sell-side analysts expect that RPM International will post 5.5 EPS for the current year.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.

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