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

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Wednesday, July 3rd, Zacks reports. Investors 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 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, July 17th.

RPM International has raised its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend annually for the last 50 consecutive years. RPM International has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of RPM stock opened at $107.17 on Thursday. RPM International has a 12-month low of $85.81 and a 12-month high of $120.74. The business’s fifty day simple moving average is $110.49 and its 200-day simple moving average is $110.98. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. The company has a market cap of $13.80 billion, a PE ratio of 24.69, a PEG ratio of 1.49 and a beta of 1.00.

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

Analyst Ratings Changes

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