Building Materials Giant Raises Payments to Shareholders
- RPM International increases quarterly dividend by 11%
- New payout equals $2.04 per year
- Annual yield of 1.6% based on current share price
- Dividend payment date set for October 31st
RPM International, a leading manufacturer and seller of coatings, sealants, and other building materials, has announced an 11% increase in its quarterly dividend to 51 cents per share. This new payout amounts to $2.04 annually, equating to a yield of approximately 1.6% based on the current stock price of $127.65. The company, headquartered in Medina, Ohio, has set October 31st as the payment date for shareholders who are recorded as of October 18th.
Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about RPM International raising its quarterly dividend and the details related to it without any sensationalism or bias.
Noise Level: 2
Noise Justification: The article provides relevant information about a company’s decision to raise its quarterly dividend and the impact on shareholders, but it lacks analysis or exploration of broader trends or consequences. It does not offer actionable insights or new knowledge.
Public Companies: RPM International (RPM)
Key People: Connor Hart (Author)
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses RPM International’s decision to raise its quarterly dividend, which is a financial topic related to the company’s shareholders. However, it does not mention any specific impact on financial markets or other companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it’s not related to any of the criteria for extreme events.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Small
Affected Instruments: Stocks
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