RPM International Inc. (NYSE:RPM) to Issue $0.51 Quarterly Dividend

RPM International Inc. (NYSE:RPM - Get Free Report) announced a quarterly dividend on Tuesday, July 1st, RTT News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.51 per share by the specialty chemicals company on Thursday, July 31st. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%.

RPM International has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.7%

Shares of NYSE RPM opened at $109.81 on Tuesday. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The company has a 50-day moving average of $110.99 and a two-hundred day moving average of $116.43. The company has a market cap of $14.10 billion, a PE ratio of 22.01, a P/E/G ratio of 2.91 and a beta of 1.06. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.82% and a return on equity of 25.08%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business earned $0.52 EPS. The business's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts expect that RPM International will post 5.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. UBS Group cut their target price on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Fermium Researc raised shares of RPM International to a "hold" rating in a research note on Wednesday, April 9th. BMO Capital Markets lifted their price target on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Royal Bank Of Canada cut their price objective on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.55.

RPM International Company Profile

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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