RPM International Inc. to Issue Quarterly Dividend of $0.54 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.54 per share by the specialty chemicals company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, July 14th.

RPM International has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $5.96 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 36.2%.

RPM International Trading Down 0.2%

Shares of RPM opened at $110.88 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The stock has a market cap of $14.15 billion, a PE ratio of 21.36, a PEG ratio of 2.60 and a beta of 1.03. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The stock has a 50 day simple moving average of $104.37 and a 200-day simple moving average of $106.30.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. RPM International’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that RPM International will post 5.46 EPS for the current fiscal year.

Analysts Set New Price Targets

RPM has been the topic of several recent analyst reports. Bank of America reduced their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Citigroup boosted their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Mizuho decreased their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Wall Street Zen raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.42.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.