RPM Increases Cash Dividend for 44th Consecutive Year
Quarterly payment of $0.32 per share is 6.7% increase over prior year
MEDINA, Ohio(BUSINESS WIRE)Oct. 5, 2017 RPM International Inc. (NYSE: RPM) today announced at its annual meeting of stockholders that its
board of directors declared a regular quarterly cash dividend of $0.32 per share, payable on October 31, 2017, to stockholders of record as of October 16, 2017. This payment represents a 6.7 percent increase over the $0.30 quarterly cash
dividend paid at this time last year.
This action marks RPMs 44th consecutive year of increased cash dividends paid to its stockholders, which
places RPM in an elite category of less than half of 1 percent of all 19,000 publicly traded U.S. companies. Only 41 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to
the 2017 edition of the Mergent Handbook of Dividend Achievers. At a share price of $51.50, RPMs dividend yield would be 2.5 percent.
The dividend increase today demonstrates our board of directors continued confidence in RPMs performance and long-term prospects for
growth, stated Frank C. Sullivan,
chairman and chief executive officer. Annually increasing the dividend is a key element in rewarding our shareholders with a cumulative total return that has outpaced the S&P 500 by 70 percent and
our peers by 28 percent over the ten-year period ended May 31, 2017.
At the meeting, four directors were elected to serve in Class III with
three-year terms expiring at the annual meeting of stockholders in 2020. They included Julie A. Lagacy, vice president of global information services and chief information officer of Caterpillar Inc.; Robert A. Livingston, president and chief
executive officer of Dover Corporation; Frederick R. Nance, global managing partner of Squire Patton Boggs (US) LLP; and William B. Summers, Jr., retired chairman and chief executive officer of McDonald Investments Inc., which is part of KeyBanc
RPM International Inc.
owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPMs industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings
and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPMs consumer products are used by professionals and do-it-yourselfers for home
maintenance and improvement and by hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors. RPMs specialty products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings,
restoration services equipment and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI. Additional details can be
found at www.RPMinc.com and by following RPM on Twitter at www.twitter.com/RPMintl.
For more information, contact Barry M. Slifstein, vice president
investor relations, at 330-273-5090 or email@example.com.
Source: RPM International Inc.
RPM International Inc.
Barry M. Slifstein, vice president
investor relations, 330-273-5090
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
The percent by which RPM's 10-year total return has bested the S&P 500. More reasons >>
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