RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Friday, June 28th, RTT News reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.35 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Monday, July 15th.
RPM International has raised its dividend payment by an average of 7.5% annually over the last three years and has raised its dividend every year for the last 44 years. RPM International has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 42.6%.
RPM stock opened at $61.73 on Friday. The firm has a market capitalization of $8.09 billion, a P/E ratio of 24.99, a PEG ratio of 2.05 and a beta of 1.27. The company has a 50-day moving average of $59.28. RPM International has a 52 week low of $51.95 and a 52 week high of $68.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.81.
A number of research analysts recently commented on RPM shares. JPMorgan Chase & Co. set a $60.00 price target on Bayerische Motoren Werke and gave the company a “sell” rating in a research note on Monday, April 8th. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. Gabelli reaffirmed a “buy” rating on shares of RPM International in a research note on Monday, April 8th. TheStreet raised Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $66.57.
About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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