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RPM International Inc. (NYSE:RPM) announced that its board of directors has declared a regular quarterly cash dividend of $0.175 per share, payable on July 31, 2007, to stockholders of record as of July 13, 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 $23.00, RPM's dividend yield would be 3.0%.
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.
For more information: http://www.rpminc.com/

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