RPM International Inc. (RPM) To Go Ex-Dividend on October 20th

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Thursday, October 8th. Shareholders of record on Tuesday, October 20th will be given a dividend of $0.57 per share by the specialty chemicals company on Friday, October 30th. This represents a $2.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 20th. This is a 5.6% increase from RPM International’s previous quarterly dividend of $0.54.

RPM International has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a dividend payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $6.61 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 34.5%.

RPM International Stock Down 0.5%

RPM International stock opened at $99.62 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $121.78. The stock’s fifty day moving average is $103.30 and its two-hundred day moving average is $104.64.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. Analysts predict that RPM International will post 5.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RPM. Wall Street Zen lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. BMO Capital Markets upped their price target on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. KeyCorp decreased their price target on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Barclays began coverage on RPM International in a research note on Tuesday, October 13th. They issued an “equal weight” rating and a $107.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.71.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.