RPM International Inc. Plans Quarterly Dividend of $0.24 (RPM)
RPM International (NYSE:RPM) announced a quarterly dividend on Thursday, October 10th, Stock Ratings Network reports. Stockholders of record on Monday, October 21st will be paid a dividend of $0.24 per share on Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.62%.
On a related note, analysts at Credit Suisse raised their price target on shares of RPM International to $41.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.00.
Shares of RPM International (NYSE:RPM) traded up 0.98% on Thursday, hitting $36.99. 675,735 shares of the company’s stock traded hands. RPM International has a 1-year low of $25.53 and a 1-year high of $37.57. The stock’s 50-day moving average is $35.58 and its 200-day moving average is $33.58. The company has a market cap of $4.914 billion and a P/E ratio of 49.23.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. Analysts expect that RPM International will post $2.05 EPS for the current fiscal year.
RPM International Inc (NYSE:RPM), through its subsidiaries manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives.
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