RPM International Inc. (NYSE:RPM) Plans Quarterly Dividend of $0.54

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.54 per share by the specialty chemicals company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, July 14th.

RPM International has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 51 years. RPM International has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $5.96 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 36.2%.

RPM International Price Performance

Shares of RPM traded down $0.27 during trading hours on Wednesday, reaching $110.88. 819,388 shares of the stock traded hands, compared to its average volume of 987,983. The company has a market cap of $14.15 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $104.35 and its two-hundred day moving average price is $106.27. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.RPM International’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, analysts anticipate that RPM International will post 5.46 earnings per share for the current year.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab purchased a new position in shares of RPM International in the 4th quarter worth approximately $54,307,000. California State Teachers Retirement System lifted its position in RPM International by 14.5% in the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after buying an additional 888 shares during the period. Danske Bank A S boosted its stake in RPM International by 13.7% during the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after buying an additional 20,176 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new position in RPM International during the fourth quarter valued at $16,175,000. 80.95% of the stock is owned by institutional investors.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.