RPM International Inc. to Issue Quarterly Dividend of $0.51 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Tuesday, April 1st, RTT News reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $2.04 annualized dividend and a dividend yield of 1.75%.

RPM International has increased its dividend payment by an average of 7.5% annually over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $6.13 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 33.3%.

RPM International Stock Performance

Shares of NYSE:RPM opened at $116.53 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The business’s fifty day moving average price is $121.11 and its two-hundred day moving average price is $126.52. RPM International has a fifty-two week low of $103.69 and a fifty-two week high of $141.79. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts predict that RPM International will post 5.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RPM. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group upped their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

About RPM International

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.