RPM International Increases Quarterly Cash Dividend for the 50th Consecutive Year

RPM International Inc., a global leader in specialty coatings, sealants, building materials, and related services, has announced that its board of directors has declared a regular quarterly cash dividend of $0.46 per share. This marks the 50th consecutive year that RPM has increased its cash dividend, demonstrating its commitment to delivering value to its shareholders.

The dividend will be payable on October 31, 2023, to stockholders of record as of October 18, 2023. This represents a 10% increase over the previous year’s quarterly cash dividend of $0.42. Over the past half-century, RPM has returned approximately $3.3 billion in cash dividends to its shareholders.

Frank C. Sullivan, RPM Chair and CEO, attributed this achievement to the hard work and dedication of RPM’s associates. He commended their innovation, adaptability, and commitment to the company’s core values, which have contributed to sustainable value creation for shareholders, customers, and other stakeholders.

RPM’s strong track record is evident in its total shareholder return, which has been nearly 115,000% over the past 50 years when reinvesting dividends and excluding taxes. To put this into perspective, an initial investment of $1,000 in RPM stock in 1973, with dividends reinvested, would be worth over $1.1 million as of August 31, 2023. In comparison, the same investment in the S&P 500® would be worth $0.2 million over the same period.

With this milestone, RPM joins an elite category of less than half of 1 percent of all publicly traded U.S. companies that have consecutively increased their annual cash dividend for 50 years. Only 41 other U.S. companies have a longer track record of increasing dividends.

At the annual meeting of stockholders, three directors were re-elected to serve in Class III with three-year terms expiring in 2026. Julie A. Lagacy retired from the board of directors, and the authorized number of directors has been fixed at 11. Sullivan expressed gratitude for Lagacy’s contributions to RPM over the past six years, particularly in relation to the company’s sustainability program, Building a Better World.

RPM International Inc. operates across four reportable segments: consumer, construction products, performance coatings, and specialty products. The company’s diverse portfolio of market-leading brands includes Rust-Oleum, DAP, Zinsser, Varathane, and Carboline, among others.

As RPM continues to build a better world through its trusted brands, it remains confident in its ability to create sustainable value for its shareholders, customers, and stakeholders. For more information about RPM International Inc., visit www.RPMinc.com.