RPM International Inc. (NYSE:RPM) Declares Quarterly Dividend of $0.51

RPM International Inc. (NYSE:RPM - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Stockholders of record on Thursday, April 17th will be paid a dividend of 0.51 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, April 17th.

RPM International has raised its dividend by an average of 7.5% 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 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 International stock traded down $4.98 during midday trading on Thursday, reaching $112.61. 875,300 shares of the stock traded hands, compared to its average volume of 642,956. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International has a 12 month low of $103.69 and a 12 month high of $141.79. The stock's fifty day moving average is $120.92 and its 200-day moving average is $126.46. The stock has a market cap of $14.48 billion, a P/E ratio of 22.25, a PEG ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during 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 company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. As a group, equities research analysts anticipate that RPM International will post 5.5 EPS for the current year.

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Analysts Set New Price Targets

A number of research analysts recently commented on RPM shares. Mizuho lowered their price target on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded shares of RPM International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. UBS Group raised their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Finally, StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $132.00.

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.