RPM Increases Cash Dividend for 32nd Consecutive Year
MEDINA, Ohio, Oct. 7 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today at its annual meeting of stockholders that its
Board of Directors declared a quarterly cash dividend of $0.16 per common
share, a 7 percent increase over the previous $0.15 per common share. This
action marks RPM's 32nd consecutive year of cash dividend increases, placing
RPM in an elite category of fewer than 80 U.S.-listed dividend-paying
companies that have increased dividends for 30 or more consecutive years. The
dividend will be payable October 31, 2005, to stockholders of record as of
October 21, 2005. At a share price of $18.50, RPM's new dividend yield would
be 3.5 percent.
RPM also announced that Albert B. Ratner retired from its Board of
Directors, effective at the expiration of his term at the time of this year's
annual meeting. His replacement is Charles A. Ratner, who was elected to a
three-year term expiring in 2008, along with continuing Class III directors
Dr. Max D. Amstutz; William B. Summers, Jr.; and Dr. Jerry Sue Thornton. The
RPM Board of Directors has 12 directors, divided into three classes, each with
four directors.
Frank C. Sullivan, president and chief executive officer, said, "Albert
Ratner deserves the appreciation of all our stockholders for the lasting
contributions he has made to RPM during the decade of service he provided as a
director. I personally appreciate the keen intellect, tremendous insight and
passion he brought to his role as an RPM director."
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
