Adhesives & Sealants Headlines

RPM Increases Cash Dividend for 36th Consecutive Year (10/14/09)

RPM International Inc. announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of $0.205 per share, payable on October 30, 2009, to stockholders of record as of October 19, 2009. This payment represents a 2.5% increase over the $0.20 quarterly cash dividend paid at this time last year.

This action marks RPM’s 36th 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 56 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2010 edition of America’s Finest Companies.  At a share price of $18.25, RPM's dividend yield would be 4.5%.

“Annually increasing our dividend is a long-standing RPM trademark of which we’re very proud. Given current uncertain economic conditions, we’re pleased that our strong cash flow has allowed us to continue this practice and deliver stockholders a positive cash return on their investment,” said Chairman and Chief Executive Officer Frank C. Sullivan. “As highlighted in our 2009 annual report, for the five-year and ten-year periods ended May 31, 2009, RPM’s return to shareholders has outperformed the S&P 500 Index by 38% and 94%, respectively, including the assumed reinvestment of dividends for both RPM and the S&P 500 Index. Our annual dividend growth has been a critical element of our ability to significantly outperform this broad market index and deliver value to RPM shareholders.”

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI march 2015 cover

2015 March

Welcome to our annual Raw Materials, Chemicals, Polymers and Additives Handbook!
Table Of Contents Subscribe

Paid Leave

President Obama recently announced he wants U.S. businesses and the federal government to provide paid sick leave and paid parental leave to all workers. Do you think this is a good idea?
View Results Poll Archive

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.