MEDINA, Ohio, Dec. 7, 2012 /PRNewswire/ -- RPM International Inc. (NYSE: RPM) today announced that its board of directors approved a change in the payment date of its regular quarterly cash dividend of $0.225 per share to December 28, 2012, payable to stockholders of record as of December 17, 2012.
This dividend payment is intended to be in lieu of the quarterly dividend that would have been paid in January 2013. The next quarterly dividend is anticipated to be paid in April 2013.
RPM's last cash dividend increase of 4.7 percent in October 2012 marked its 39th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all 19,000 publicly-traded U.S. companies. Only 47 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the fall 2012 edition of the Mergent Handbook of Dividend Achievers. At a share price of $28.50, RPM's dividend yield would be 3.2 percent.
RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services 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, Flowcrete, Universal Sealants and Euco. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors. Additional details can be found at www.RPMinc.com and by following RPM on Twitter at www.twitter.com/RPMintl.For more information, contact Barry M. Slifstein, vice president - investor relations and planning, at 330-273-5090 or firstname.lastname@example.org. SOURCE RPM International Inc.