Published:
RPM Declares Quarterly Dividend
MEDINA, Ohio, Jan. 6 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) today announced that its board of directors has declared a regular
quarterly cash dividend of $0.20 per share, payable on January 30, 2009 to
stockholders of record as of January 16, 2009. This payment represents a 5.3%
increase over the quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2008 marked its 35th
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 67 other companies, besides RPM, have
consecutively paid an increasing annual dividend for this period of time or
longer, according to the 2009 edition of America's Finest Companies. At a
share price of $14.00, RPM's dividend yield would be 5.7%.
"Our long-standing practice of paying a cash dividend is a source of pride
to our employees and demonstrates the consistency and resiliency of RPM's
business model. We intend to continue this practice, which is enabled by our
strong cash flow and resilient capital structure, despite a challenged global
economy," stated chairman and chief executive officer Frank C. Sullivan.
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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Copyright © 2009, NewsBlaze,
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