RPM declares cash dividend

The dividend will be payable on Oct. 31, 2011, to stockholders of record as of Oct. 17, 2011.

“Today's dividend increase demonstrates our continued confidence in RPM's performance, commitment to a growing dividend and desire to reward our long-term shareholders," said RPM Chairman and CEO Frank C. Sullivan.

The 0.215 per share dividend is 2.4 percent increase over the $0.21 quarterly cash dividend paid during the same period last year.

Also, it is the 38th consecutive year that the company has increased cash dividends paid to its stockholders.

The dividend announcement comes a day after RIM reported its result for first quarter ended Aug. 31.

The company's profit rose 11 percent. Further, the revenue increased 10 percent to $985.9 million from $894.8 million.