RPM International Inc. (RPM) to Distribute Quarterly Dividend of $0.57 on October 30th

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Thursday, October 8th. Investors of record on Tuesday, October 20th will be given a dividend of $0.57 per share by the specialty chemicals company on Friday, October 30th. This represents a $2.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 20th. This is a 5.6% increase from RPM International’s previous quarterly dividend of $0.54.

RPM International has increased its dividend by an average of 0.1% annually 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. Research analysts expect RPM International to earn $6.62 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 32.6%.

RPM International Stock Down 1.7%

Shares of NYSE RPM opened at $97.70 on Friday. The stock has a market capitalization of $12.46 billion, a P/E ratio of 18.09, a PEG ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. RPM International has a one year low of $92.92 and a one year high of $121.78. The firm’s 50 day simple moving average is $104.94 and its two-hundred day simple moving average is $104.60.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company earned $1.88 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that RPM International will post 5.97 EPS for the current fiscal year.

Hedge Funds Weigh In On RPM International

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of RPM International in the second quarter worth about $1,456,684,000. Bank of New York Mellon Corp bought a new stake in RPM International in the 2nd quarter worth approximately $118,220,000. Legal & General Group Plc purchased a new stake in shares of RPM International during the 2nd quarter worth approximately $37,713,000. Deutsche Bank AG bought a new position in shares of RPM International during the 2nd quarter valued at approximately $25,999,000. Finally, Danske Bank A S purchased a new position in shares of RPM International in the second quarter valued at $20,077,000. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.