Sherwin-Williams Declares Dividend of $1.65 per Common Share; Board Approves Additional 15 Million Share Repurchase Authoriza...
February 17 2021 - 12:38PM
PR Newswire (US)
CLEVELAND, Feb. 17, 2021 /PRNewswire/ -- The Board of
Directors of The Sherwin-Williams Company (NYSE: SHW) today
announced a regular quarterly dividend of $1.65 per common share, an increase of 23.1% over
the $1.34 paid in the same quarter in
2020, payable on March 12, 2021, to
shareholders of record on March 1,
2021. This increase follows 42 consecutive years of dividend
increases.
Also, the Board authorized the Company to purchase 15 million
shares of the Company's common stock for treasury, which is in
addition to the shares remaining under the existing share
repurchase authorization announced in October 2015. The total
amount authorized will be adjusted proportionately to reflect the
three-for-one stock split announced on February 3, 2021 so that there will be three
times as many shares authorized for repurchase immediately after
the stock split. The repurchase authorization has no
expiration date, and purchases may be made from time to time for
general corporate purposes.
Investor Relations
Contacts:
|
Media
Contact:
|
|
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Jim Jaye
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Julie
Young
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Senior Vice
President, Investor Relations &
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Vice President,
Global Corporate Communications
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Corporate
Communications
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Sherwin-Williams
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Sherwin-Williams
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Direct:
216.515.8849
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Direct:
216.515.8682
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corporatemedia@sherwin.com
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james.r.jaye@sherwin.com
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Eric
Swanson
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Vice President,
Investor Relations
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Sherwin-Williams
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Direct:
216.566.2766
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eric.r.swanson@sherwin.com
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SOURCE The Sherwin-Williams Company
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