RPM has increased the cash dividend paid to its stockholders for 47 consecutive years, placing it in an elite category of less than a half percent of all publicly traded U.S. companies. Only 41 other companies besides RPM have consecutively paid an increasing annual dividend for this period of time or longer, according to the Mergent Handbook of Dividend Achievers. During this timeframe, the company has paid approximately $2.6 billion in cash dividends to its stockholders.
RPM’s last dividend increase was on October 8, 2020, when the board of directors raised RPM's quarterly cash dividend to $0.38 per common share, a 5.6% increase over the previous quarterly dividend rate of $0.36 per common share.
Annually increasing its dividend is a long-standing RPM hallmark. Given current uncertain economic conditions, the company is pleased that its strong cash flow has allowed it to continue this practice and deliver stockholders a positive cash return on their investment. For the ten-year and period ended May 31, 2020, RPM's return to shareholders has outperformed the S&P 500 Index by 44%, including the assumed reinvestment of dividends. RPM's annual dividend growth has been a critical element of its ability to significantly outperform this broad market index and to deliver value to RPM shareholders.