MEDINA, Ohio, July 5, 2011 /PRNewswire via COMTEX/ --
RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.21 per share, payable on July 29, 2011 to stockholders of record as of July 15, 2011.
RPM's last cash dividend increase of 2.4% in October 2010 marked its 37th 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 49 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the spring 2011 edition of the Mergent Handbook of Dividend Achievers. At a share price of $23.00, RPM's dividend yield would be 3.7%.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services 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, Flowcrete, Universal Sealants and Euco. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors. Additional details are available at www.rpminc.com.
For more information, contact Robert L. Matejka, senior vice president and chief financial officer, at 330-273-5090 or firstname.lastname@example.org.
SOURCE RPM International Inc.