RPM International Inc. (NYSE:RPM) to Issue Quarterly Dividend of $0.40

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Friday, October 8th, Wall Street Journal reports. Stockholders of record on Monday, October 18th will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, October 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, October 15th. This is a positive change from RPM International’s previous quarterly dividend of $0.38.

RPM International has increased its dividend by 19.7% over the last three years and has raised its dividend every year for the last 1 years. RPM International has a payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $4.63 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 32.8%.

RPM stock opened at $80.03 on Thursday. The business’s 50-day simple moving average is $81.59 and its 200 day simple moving average is $88.16. The company has a quick ratio of 1.38, a current ratio of 2.09 and a debt-to-equity ratio of 1.36. RPM International has a twelve month low of $76.43 and a twelve month high of $99.30. The company has a market cap of $10.38 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 4.04 and a beta of 0.95.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 5th. The specialty chemicals company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. RPM International had a return on equity of 34.41% and a net margin of 8.23%. RPM International’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.44 earnings per share. On average, equities research analysts anticipate that RPM International will post 3.99 EPS for the current year.

Several analysts recently commented on RPM shares. BMO Capital Markets decreased their price target on RPM International from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 27th. Royal Bank of Canada reduced their target price on shares of RPM International from $89.00 to $87.00 and set a “sector perform” rating on the stock in a research note on Friday, October 8th. Wells Fargo & Company decreased their target price on RPM International from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, October 7th. Finally, JPMorgan Chase & Co. cut shares of RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 price objective for the company. in a report on Wednesday, June 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, RPM International has a consensus rating of “Hold” and an average price target of $91.71.

RPM International Company Profile

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).

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Dividend History for RPM International (NYSE:RPM)

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