RPM International Inc. (NYSE:RPM – Get Free Report) announced a quarterly dividend on Thursday, October 8th. Investors of record on Tuesday, October 20th will be given a dividend of $0.57 per share by the specialty chemicals company on Friday, October 30th. This represents a $2.28 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 20th. This is a 5.6% increase from RPM International’s previous quarterly dividend of $0.54.
RPM International has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 51 years. RPM International has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $6.61 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 32.7%.
RPM International Stock Performance
Shares of RPM opened at $99.40 on Friday. The firm has a market capitalization of $12.68 billion, a PE ratio of 18.41, a P/E/G ratio of 2.02 and a beta of 1.05. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $105.13 and a 200 day moving average price of $104.65. RPM International has a 52-week low of $92.92 and a 52-week high of $121.78.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on RPM. Royal Bank Of Canada decreased their price target on RPM International from $128.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group decreased their target price on RPM International from $142.00 to $128.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup dropped their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Finally, Wall Street Zen lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.31.
View Our Latest Stock Analysis on RPM
RPM International Company Profile
RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.
Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.
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