RPM International Inc. (RPM) to Issue Quarterly Dividend of $0.51 on April 30th

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $2.04 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, April 17th.

RPM International has increased its dividend payment by an average of 7.5% 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 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $6.13 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 33.3%.

RPM International Price Performance

RPM opened at $117.71 on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $120.92 and its 200 day moving average price is $126.46. RPM International has a fifty-two week low of $103.69 and a fifty-two week high of $141.79. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts expect that RPM International will post 5.5 earnings per share for the current year.

Wall Street Analyst Weigh In

RPM has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $132.00.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.