RPM International Inc. News
RPM Declares Quarterly Dividend
MEDINA, Ohio, July 3 PRNewswire-FirstCall — RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.19 per share, payable on July 31, 2008 to stockholders of record as of July 14, 2008. This payment represents an 8.6% increase over the quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2007 marked its 34th 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 70 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2008 edition of America's Finest Companies. At a share price of $20.00, RPM's dividend yield would be 3.8%.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings and sealants serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco and Dryvit. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.
For more information, contact P. Kelly Tompkins, executive vice president - administration and chief financial officer, at 330-273-5090 or ktompkins@rpminc.com.
SOURCE RPM International Inc.
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