MEDINA, OH – The Board of Directors of RPM International Inc. has declared a regular quarterly cash dividend of $0.21 per share, payable on July 29, 2011, to stockholders of record as of July 15, 2011.
RPM's last cash dividend increase of 2.4 percent in October 2010 marked its 37th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of one percent of all 19,000 publicly traded U.S. companies. Only 49 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the spring 2011 edition of the Mergent Handbook of Dividend Achievers. At a share price of $23.00, RPM's dividend yield would be 3.7 percent.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion-control coatings, flooring coatings and specialty chemicals.