For the 34th consecutive year RPM International (RPM) increased its quarterly dividend. The company increased the quarterly dividend 8.6% to 19 cents per share versus 17.5 cents per share in the same period last year. Based on RPM's May 2008 year end estimated earnings of $1.69, the payout ratio is approximately 45%. The company's annual earnings results have been volatile with the dividend exceeding earnings in 2000, 2003 and 2006. Except for the May 2006 results, cash flow did cover the dividend payment.(click on table/chart for larger image)
No comments :
Post a Comment