Actionable news
All posts from Actionable news
Actionable news in RPM: RPM INTERNATIONAL Inc,

RPM International: Rpm Increases Cash Dividend For 42Nd Consecutive Year

The following excerpt is from the company's SEC filing.

Quarterly payment of $0.275 per share is 5.8% increase over prior year

MEDINA, Ohio, Oct. 8, 2015 /PRNewswire/ RPM International Inc. (NYSE: RPM) today announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.275 per share, payable on October 30, 2015, to stockholders of record as of October 19, 2015. This payment represents a 5.8 percent increase over the $0.26 quarterly cash dividend paid at this time last year.

This action marks RPMs 42nd consecutive year of increased cash dividends paid to its stockholders, which places RPM i n an elite category of less than half of 1 percent of all 19,000 publicly-traded U.S. companies. Only 45 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2015 spring edition of the Mergent Handbook of Dividend Achievers. At a share price of $43.50, RPMs dividend yield would be 2.5 percent.

We are pleased to once again reward our shareholders by increasing our cash dividend, stated chairman and chief executive officer Frank...