MEDINA, Ohio, July 2, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- RPM International Inc.
(NYSE: RPM) today announced that its board of directors has declared a regular
quarterly cash dividend of $0.175 per share, payable on July 31, 2007, to
stockholders of record as of July 13, 2007. This payment represents a 9.4%
increase over the quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2006 marked its 33rd
consecutive year of increased cash dividends paid to its stockholders, which
places RPM in an elite category of less than half of one percent of all 19,000
publicly-traded U.S. companies. Only 79 other companies, besides RPM, have
consecutively paid an increasing annual dividend for this period of time or
longer, according to the 2007 edition of America's Finest Companies. At a
share price of $23.00, RPM's dividend yield would be 3.0%.
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems,
sealants, corrosion control coatings, flooring coatings and specialty
chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline,
Day-Glo, Euco and Dryvit. RPM's consumer products are used by professionals
and do-it-yourselfers for home maintenance and improvement, automotive and
boat repair and maintenance, and by hobbyists. Consumer brands include
Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors.
For more information, contact P. Kelly Tompkins, executive vice president
and chief administrative officer, at 330-273-5090 or email@example.com.
SOURCE RPM International Inc.
Kelly Tompkins, executive vice president and chief administrative officer of RPM
International Inc., 1-330-273-5090, firstname.lastname@example.org