MEDINA, OH – The Board of Directors of RPM International Inc. has declared a regular quarterly cash dividend of $0.215 per share, payable on July 31, 2012 to stockholders of record as of July 13, 2012.
RPM's last cash dividend increase of 2.4 percent in October 2011 marked its 38th 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 19,000 publicly-traded U.S. companies. Only 46 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2012 edition of the "Mergent Handbook of Dividend Achievers." At a share price of $27.00, RPM's dividend yield would be 3.2 percent.
RPM International Inc., a holding company, owns subsidiaries that are leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets.