MEDINA, OH – Paint and coatings manufacturer RPM International Inc. announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.38 per share, payable on Oct. 30, 2020, to stockholders of record as of Oct. 19, 2020. This payment represents a 5.6 percent increase over the $0.36 quarterly cash dividend paid at this time last year.
This action marks RPM’s 47th consecutive year of increased cash dividends paid to its stockholders, which places RPM in a category of less than half of 1 percent of all publicly traded U.S. companies.
“One of the primary ways we continuously reward our shareholders is by annually increasing our cash dividend,” said Frank C. Sullivan, RPM Chairman and CEO. “Increasing the dividend, combined with an appreciating stock price, is key to our ability to consistently deliver long-term value and outperform the cumulative total return of the broader market.”
At the meeting, four directors were elected to serve in Class III with three-year terms expiring at the annual meeting of stockholders in 2023. They included Julie A. Lagacy, Vice President of Global Information Services and Chief Information Officer of Caterpillar Inc.; Robert A. Livingston, retired President and Chief Executive Officer of Dover Corp.; Frederick R. Nance, Global Managing Partner of Squire Patton Boggs (US) LLP; and William B. Summers Jr., retired Chairman and Chief Executive Officer of McDonald Investments Inc.