RPM International Inc. announced that its board of directors declared a regular quarterly cash dividend of $0.42 per share, payable on January 31, 2023, to stockholders of record as of January 20, 2023.

RPM’s last cash dividend increase of 5% in October 2022 marked the company’s 49th consecutive year of increased cash dividends paid to its stockholders, which places RPM in a category of less than half of 1% of all publicly traded U.S. companies. Only 41 other U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. During this timeframe, the company has returned approximately $3.1 billion in cash dividends to its stockholders. At a share price of $98.00, RPM's annual dividend yield would be 1.7%.