Steady Dividends from RPM International (RPM): What You Should Know
An aerial view of a large industrial roofing system installed by the specialty chemical company.
RPM International Inc. (NYSE:RPM) is recognized for its wide range of specialty chemical products, catering to industrial, specialty, and consumer segments. Lately, the company has concentrated on boosting operational efficiency through its MAP 2025 program, which targets better supply chain operations and expansion in global markets. The stock has surged by nearly 4% in the past month.
In June, RPM International Inc. (NYSE:RPM) acquired Ready Seal, a Texas-based company known for its high-quality exterior wood stains, to enhance its Rust-Oleum Consumer Group. In 2024, Ready Seal brought in around $45 million in sales. This move is expected to bolster Rust-Oleum's offerings in the growing exterior wood care market, which is attracting both professional contractors and DIY users. The company also plans to use its existing sales network and distribution channels to further boost Ready Seal's product reach.
RPM International Inc. (NYSE:RPM) is a strong dividend payer with 51 consecutive years of dividend growth under its belt. The company offers a quarterly dividend of $0.51 per share and has a dividend yield of 1.81%, as of July 23. It is among the best stocks on our dividend champions list.
While we acknowledge the potential of RPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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