RPM International Inc. today announced that its board of directors declared a regular quarterly cash dividend of .205 cents per share, payable on Jan. 29 to stockholders of record as of Jan.15.
This payment represents a 2.5 percent increase over the 20 cents quarterly cash dividend paid at this time last year.
RPM's latest cash dividend increase in October 2009 marked its 36th consecutive year of increased cash dividends paid to its stockholders. Only 56 other companies besides RPM have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2010 edition of America's Finest Companies, the company said in a statement.
RPM International Inc., a holding company, owns subsidiaries that are leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM's consumer products are used by professionals and do-it-yourselfers for boat repair and home improvement.