RPM Announces Increased Cash Dividend for 50th Consecutive Year
RPM International Inc. recently announced a regular quarterly cash dividend of $0.46 per share, payable on October 31, 2023, to stockholders of record as of October 18, 2023. The 50th consecutive year the company has increased its cash dividend, the current dividend represents a 10% increase over the $0.42 quarterly cash dividend paid at this time last year.
“Increasing dividends for fifty consecutive years is a significant achievement, and the primary credit for this accomplishment goes to our associates. Throughout RPM’s history, they have innovated, adapted to changing market conditions and embraced our core values of transparency, trust and respect to deliver sustainable value for our shareholders, customers and other stakeholders. Over the last half century, RPM has returned approximately $3.3 billion in cash dividends to its shareholders. With our entrepreneurial spirit and strategically balanced business model, I am confident we will build on our strong track record of sustainable value creation,” said Frank C. Sullivan, RPM chair and CEO.