RPM International Inc. Announces Quarterly Dividend of $0.38 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Thursday, April 15th will be paid a dividend of 0.38 per share by the specialty chemicals company on Friday, April 30th. This represents a $1.52 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 14th.

RPM International has increased its dividend payment by 19.7% over the last three years and has increased its dividend every year for the last 19 years.

Shares of NYSE RPM opened at $90.21 on Thursday. RPM International has a 1-year low of $61.22 and a 1-year high of $98.35. The company has a 50-day moving average of $87.06 and a two-hundred day moving average of $87.14. The company has a market cap of $11.74 billion, a PE ratio of 27.34, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 1.43.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, April 6th. The specialty chemicals company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.21 billion. RPM International had a net margin of 7.50% and a return on equity of 35.72%. RPM International’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities research analysts forecast that RPM International will post 4.25 earnings per share for the current year.

A number of brokerages recently commented on RPM. BMO Capital Markets lifted their price objective on RPM International from $109.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, January 7th. Zacks Investment Research downgraded shares of RPM International from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research note on Thursday, January 7th. Morgan Stanley cut shares of RPM International from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 14th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, March 4th. Finally, Royal Bank of Canada cut RPM International from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $102.00 to $98.00 in a research note on Friday, January 8th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $93.50.

In other news, SVP Edward W. Moore sold 8,811 shares of the company’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $86.68, for a total transaction of $763,737.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell L. Gordon sold 9,668 shares of the company’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $84.89, for a total value of $820,716.52. Following the transaction, the chief financial officer now directly owns 103,997 shares of the company’s stock, valued at $8,828,305.33. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

About RPM International

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals.

Further Reading: Fundamental Analysis

Dividend History for RPM International (NYSE:RPM)

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