RPM International (RPM) will raise its quarterly dividend by 6.7 percent to $0.24 per share in the fourth quarter of 2014. Last year RPM hiked its dividend by one cent to 22.5 cents per share quarterly.
The increased dividend will be payable on October 31, 2013, to stockholders of record as of October 21, 2013. The ex-date for this next dividend of 24 cents by coatings and paint company is October 17, 2013.
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. RPM's brands include API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Flecto, Flowcrete, Grupo PV, Hummervoll, illbruck, Mohawk, Rust-Oleum, Stonhard, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser.