RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Wednesday, July 5th, RTT News reports. Investors of record on Monday, July 17th will be given a dividend of 0.30 per share by the specialty chemicals company on Monday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, July 13th.
RPM International has increased its dividend by an average of 17.7% per year over the last three years and has increased its dividend annually for the last 42 consecutive years. RPM International has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 37.7%.
RPM International (NYSE RPM) opened at 52.52 on Wednesday. The company’s 50-day moving average is $55.16 and its 200 day moving average is $53.56. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 33.62 and a beta of 1.55. RPM International has a 1-year low of $46.25 and a 1-year high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by $0.15. RPM International had a return on equity of 26.36% and a net margin of 4.22%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. RPM International’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts predict that RPM International will post $3.00 EPS for the current fiscal year.
A number of brokerages recently issued reports on RPM. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Wednesday, June 7th. BidaskClub upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price objective on shares of RPM International in a research note on Tuesday, June 13th. Finally, Bank of America Corporation dropped their price objective on RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.00.
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RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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