RPM International (RPM) will raise its quarterly dividend by 6.7 percent to $0.32 per share in the fourth quarter of 2017, marking the 44th straight year of higher dividends.

The higher dividend will be payable on October 31, 2017, to stockholders of record as of October 16, 2017. The ex-date for the next dividend payment by RPM is October 13, 2017.

“The dividend increase today demonstrates our board of directors’ continued confidence in RPM’s performance and long-term prospects for growth,” stated Frank C. Sullivan, chairman and chief executive officer. “Annually increasing the dividend is a key element in rewarding our shareholders with a cumulative total return that has outpaced the S&P 500 by 70 percent and our peers by 28 percent over the ten-year period ended May 31, 2017.”

RPM International Inc. is a manufacturer of specialty coatings, sealants, building materials and related services. The company's four reportable segments are Construction Products, Performance Coatings, Consumer and Specialty Products. 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. RPM was founded in 1947 and typically pays its quarterly dividends on the 31st of July, October and January and the 30th of April.