RPM International Inc.Declares Quarterly Dividend, Continues 50-Year Streak of Dividend Increases
MEDINA, Ohio - RPM International Inc.(NYSE: RPM) has announced that its board of directors has declared a regular quarterly cash dividend of $0.46 per share, payable on July 31, 2024, to stockholders of record as of July 17, 2024.This marks RPM’s 50th consecutive year of increased cash dividends paid to its stockholders, placing the company in an elite category of less than half of 1 percent of all publicly traded U.S.companies.
As of the second quarter of 2024, RPM International Inc.’s 12-month dividend pay out ratio has increased to 44.03, indicating that the company is effectively managing its dividend payments.In comparison to its peers in the Basic Materials sector, RPM International Inc.ranks below 31 companies with a higher 12-month dividend pay out ratio.
Despite the increase in the dividend pay out ratio, RPM International Inc.maintains its position at no.16 in the cumulative dividend pay out ratio ranking for the second quarter of 2024, demonstrating the company’s consistency in dividend payments.
Overall, RPM International Inc.’s declaration of a quarterly dividend reaffirms its commitment to providing value to its shareholders and maintaining a strong financial performance.This milestone in dividend increases reflects the company’s stable growth and financial health in the market.
Comments