RPM Declares Quarterly Dividend
MEDINA, Ohio, Jan 02, 2007 /PRNewswire-FirstCall via COMTEX News Network/ - RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.175 per share, payable on January 31, 2007, to stockholders of record as of January 12, 2007. This payment represents a 9.4% increase over the quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2006 marked its 33rd 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 79 other companies, besides RPM, have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2007 edition of America's Finest Companies. At a share price of $20.00, RPM's dividend yield would be 3.5%.
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, automotive and boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust- Oleum, DAP, Varathane, Bondo and Testors.
For more information, contact Glenn R. Hasman, vice president - finance and communications, at 330-273-8820 or ghasman@rpminc.com.
SOURCE RPM International Inc.
Glenn R. Hasman, vice president - finance and communications of RPM International
Inc., +1-330-273-8820, or ghasman@rpminc.com
http://www.rpminc.com
