MEDINA, Ohio, April 1 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) today announced that its board of directors has declared a regular
quarterly cash dividend of $0.20 per share, payable on April 30, 2009 to
stockholders of record as of April 17, 2009. This payment represents a 5.3%
increase over the quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2008 marked its 35th
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 67 other companies, besides RPM, have
consecutively paid an increasing annual dividend for this period of time or
longer, according to the 2009 edition of America's Finest Companies. At a
share price of $12.75, RPM's dividend yield would be 6.2%.
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, boat repair and
maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum,
DAP, Varathane and Testors.
For more information, contact P. Kelly Tompkins, executive vice president
- administration and chief financial officer, at 330-273-5090 or
SOURCE RPM International Inc.
P. Kelly Tompkins of RPM International Inc.