RPM International Inc. Announces Quarterly Dividend of $0.46 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Wednesday, July 3rd, Zacks reports. Shareholders of record on Wednesday, July 17th will be given a dividend of 0.46 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, July 17th.

RPM International has increased its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 50 years. RPM International has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $5.54 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 33.2%.

RPM International Price Performance

RPM stock opened at $107.26 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. RPM International has a one year low of $85.81 and a one year high of $120.74. The firm has a market capitalization of $13.81 billion, a PE ratio of 24.71, a P/E/G ratio of 1.50 and a beta of 1.00. The firm has a 50-day moving average of $110.50 and a two-hundred day moving average of $110.95.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, analysts forecast that RPM International will post 4.95 earnings per share for the current year.

Analysts Set New Price Targets

RPM has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Mizuho increased their price target on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. BMO Capital Markets reduced their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. Finally, UBS Group increased their price target on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

RPM International Company Profile

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.