On October 5, 2023, RPM International (RPM) hiked its dividend by 9.5% to a new record high of $0.46 quarterly per share. This marks 50 consecutive years of increased dividends by the coatings and sealants maker. The next dividend will be paid on October 31 with an ex-dividend date of October 17. The dividend yield for RPM is 1.88% at a stock price of $98.
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.