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RPM Declares Regular Quarterly Cash Dividend

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

RPM International Inc. announced that its board of directors has declared a regular quarterly cash dividend of $0.24 per share, payable on January 31, 2014 to stockholders of record as of Jan. 13, 2014.

RPM’s last cash dividend increase of 6.7% in October 2013 marked its 40th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1% of all 19,000 publicly-traded U.S. companies. Only 47 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the Mergent Handbook of Dividend Achievers. At a share price of $40.00, RPM’s dividend yield would be 2.4%.

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