RPM International Inc. (NYSE:RPM) Plans Quarterly Dividend of $0.46

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Wednesday, July 3rd, Zacks reports. Shareholders of record on Wednesday, July 17th will be given a dividend of 0.46 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, July 17th.

RPM International has increased its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 50 years. RPM International has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $5.54 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 33.2%.

RPM International Trading Up 0.9 %

RPM International stock opened at $107.17 on Thursday. RPM International has a one year low of $85.81 and a one year high of $120.74. The business’s fifty day moving average is $110.49 and its 200 day moving average is $110.98. The stock has a market capitalization of $13.80 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $0.37 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict that RPM International will post 4.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RPM. Mizuho boosted their target price on shares of RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Robert W. Baird increased their target price on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. BMO Capital Markets lowered their price objective on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Finally, UBS Group increased their price target on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.