MAP 2025 (Margin Achievement Plan) is an operational improvement initiative through which RPM expects to accelerate growth, maximize operational efficiencies, and build a better world to generate superior value creation for the company’s customers, associates and shareholders. Goals of the initiative to be achieved on an annualized run-rate basis by May 31, 2025, include:
Does RPM plan to continue to grow through acquisitions?
Yes. RPM continues to be active in pursuing acquisitions of free-standing entrepreneurial companies and product lines that complement its portfolio of specialty coatings, sealants and construction chemicals businesses. Over the last 30 years, RPM has completed more than 175 acquisitions, with more than 60 of these transactions being completed during the last decade. RPM completed six strategic business acquisitions in fiscal 2023.
RPM’s last dividend increase was on October 6, 2022, when the board of directors raised RPM's quarterly cash dividend to $0.42 per common share, a 5.0% increase over the previous quarterly dividend rate of $0.40 per common share.
Annually increasing its dividend is a long-standing RPM hallmark and is part of the company’s strategy to deliver stockholders a positive cash return on their investment. For the five-year period ended May 31, 2023, RPM's return to shareholders has outperformed the S&P 500 Index by 5.7% including the assumed reinvestment of dividends. RPM's annual dividend growth has been a critical element of its ability to significantly outperform this broad market index and to deliver value to RPM shareholders.
When is the RPM annual stockholders' meeting?
RPM will host its 2023 annual meeting of stockholders virtually. The annual meeting will be held via live internet webcast on Thursday, October 5, 2023, at 1:30 p.m. ET. Details for accessing the meeting can be found on the Annual Meeting page of this website.
When will RPM's annual report and proxy be mailed?
Where can I learn more about how RPM is addressing ESG (Environmental, Social and Governance) matters?
RPM issued its most recent Sustainability Report, titled Building a Better World, on August 22, 2022. Building a Better World is RPM’s ongoing commitment to building a sustainable future across three pillars: Our Products, Our People and Our Processes, with a strong foundation in governance. The report reviews RPM’s progress toward the three pillars and highlights the company’s sustainability goals and strategy. The report is available at www.rpminc.com/sustainability.
How many RPM shares are outstanding?
As of May 31, 2023, RPM's actual shares outstanding were 128.8 million, while average shares outstanding for computation of fiscal 2023 fourth-quarter basic and diluted earnings per share were 127.3 million and 128.7 million, respectively.
How many employees does RPM have?
RPM's operating companies employ approximately 17,300 people worldwide, plus hundreds of independent sales and technical representatives.
Are RPM products sold in other countries?
Products manufactured by RPM's numerous operating companies are sold in more than 160 countries and territories.
Can I buy stock directly through the company?
Yes, RPM does offer direct purchase of its stock through the Direct Stock Purchase Plan administered by EQ. Your initial purchase of RPM stock must be at least $200. After that, additional shares can be purchased, commission-free, at a minimum of $25 and a maximum of $5,000 per month. Contact EQ at 1-800-988-5238 or helpAST@equiniti.com for an enrollment form or download an enrollment form here.
Does RPM have a Dividend Reinvestment Plan?
Yes. RPM maintains a Dividend Reinvestment Plan whereby cash dividends, plus additional investment of up to $5,000 per month, may be invested in additional RPM shares at no commission cost or service fee. Details of the plan are available online or by contacting RPM at 1-800-776-4488 or EQ at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or helpAST@equiniti.com. Only shareholders of record may participate in the plan. Shares owned by you but held by your broker in "street name" must be transferred into your name before you can enroll in the plan.
Whom should I contact regarding questions on my RPM account or to find out how many shares I own?
How often is stock purchased through the Dividend Reinvestment Plan?
RPM stock is purchased within five days of receipt of your payment. Timing of your cash payment should be made accordingly. Your check should be made payable to EQ and mailed to: EQ, Attention: RPM International Inc., 6201 15th Avenue, Brooklyn, NY 11219. The same amount of money need not be invested each month and there is no obligation to make voluntary cash payments each month.
Can I make voluntary cash payments by having my checking or savings account automatically debited?
Yes. This service allows you to arrange for automatic monthly or quarterly investments in RPM stock by taking the funds directly from your checking or savings account and investing them in RPM stock. There is no cost to you for this service. To initiate automatic deductions, contact EQ at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or helpAST@equiniti.com to request an authorization form to be completed by you and mailed to EQ.
Can my cash dividend check be direct deposited into my bank account?
Yes. Shareholders of record may have their dividends electronically deposited directly into their checking or savings account through the Direct Deposit Program at no charge. For information regarding this service, please contact EQ at 1-800-988-5238 (or 718-921-8124 outside the U.S.) or helpAST@equiniti.com.
RPM's stock transfer agent changed in June 2021. Do I need to take any action?
No action is necessary. All of your information was transferred to EQ.
How can I set up my account so that dividends are direct deposited into my bank account?