Core Insights - RPM International Inc. has increased its quarterly dividend to 54 cents per share, marking the 52nd consecutive year of cash dividend increases [1][2][9] Dividend Increase Details - The board approved a quarterly cash dividend payout of 54 cents per share, which is a 5.9% increase from the previous 51 cents per share [2] - The annualized dividend now stands at $2.16 per share, with a dividend yield of 1.9% based on the closing price of $116.27 [2] Financial Performance - RPM reported record sales of $2.11 billion in the first quarter of fiscal 2026, reflecting a 7.4% year-over-year growth [5][9] - Adjusted EBIT for the same period grew by 2.9% to $337.8 million [5][9] Operational Improvements - The dividend hike was supported by the MAP 2025 operational improvement program, which concluded on May 31, 2025, resulting in annualized savings of approximately $185 million [4][9] - The program has enhanced working capital efficiency and reduced costs, contributing to improved profitability [4][6] Shareholder Returns - RPM returned $82 million to shareholders through cash dividends and share repurchases during the first quarter of fiscal 2026, marking a 7.4% year-over-year increase [6] Market Position and Outlook - The company maintains a stable balance sheet with cash and cash equivalents of $297.1 million as of August 31, 2025, up from $231.6 million a year earlier [6] - RPM is optimistic about future growth driven by product diversification, strategic acquisitions, and operational excellence despite market instability and inflation [8]