RPM International Increases Quarterly Dividend by 5.6%
RPM International Inc. (NYSE: RPM) has raised its quarterly dividend to $0.57 per share, representing a 5.6% increase from the previous payout of $0.54. The new dividend will be payable on October 30 for shareholders of record as of October 20, with an ex-dividend date also set for October 20. This move reflects confidence in the company's financial stability and performance. The forward yield based on this increase is estimated at 2.3%. RPM has projected mid-single-digit sales growth and adjusted EBITDA expansion for fiscal year 2027, despite rising raw material inflation expected to reach between 9%–11% in the second quarter of the year. In its recent earnings report, RPM delivered non-GAAP EPS of $1.98, exceeding expectations by $0.03. The dividend increase and strong Q1 results suggest continued momentum for RPM as it navigates inflationary pressures while maintaining growth across key segments.
Tickers: $RPM
Topics: dividends financial results