RPM Declares Quarterly Dividend
July 07 2009 - 9:00AM
PR Newswire (US)
MEDINA, Ohio, July 7 /PRNewswire-FirstCall/ -- RPM International
Inc. (NYSE:RPM) today announced that its board of directors has
declared a regular quarterly cash dividend of $0.20 per share,
payable on July 31, 2009 to stockholders of record as of July 17,
2009. This payment represents a 5.3% increase over the quarterly
cash dividend paid at this time last year. RPM's latest cash
dividend increase in October 2008 marked its 35th consecutive year
of increased cash dividends paid to its stockholders, which places
RPM in an elite category of less than half of one percent of all
19,000 publicly-traded U.S. companies. Only 67 other companies,
besides RPM, have consecutively paid an increasing annual dividend
for this period of time or longer, according to the 2009 edition of
America's Finest Companies. At a share price of $14.00, RPM's
dividend yield would be 5.7%. RPM International Inc., a holding
company, owns subsidiaries that are world leaders in specialty
coatings and sealants serving both industrial and consumer markets.
RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty
chemicals. Industrial brands include Stonhard, Tremco, illbruck,
Carboline, Day-Glo, Euco and Dryvit. RPM's consumer products are
used by professionals and do-it-yourselfers for home maintenance
and improvement, boat repair and maintenance, and by hobbyists.
Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and
Testors. For more information, contact P. Kelly Tompkins, executive
vice president - administration and chief financial officer, at
330-273-5090 or . DATASOURCE: RPM International Inc. CONTACT: Kelly
Tompkins, executive vice president - administration and chief
financial officer, +1-330-273-5090, Web Site:
http://www.rpminc.com/
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