RPM International: A Dividend Champion Around Fair Value $RPM
RPM International (NYSE:RPM) is an under the radar company with its hands in many different niches. RPM is organized in 4 different segments: (1) Construction Products Group, (2) Performance Coatings Group, (3) Specialty Products Group, and (4) Consumer.
Within those segments RPM offers a wide array of solutions to both industrial partners and the everyday consumer. While the products they offer aren't necessarily well-known like an iPhone that doesn't mean they aren't valuable. RPM makes roofing systems, flooring solutions, sealing and bonding, various masonry materials including grout and mortar, fire and sound proofing, epoxy resins, caulk, patch and repair products, and the list goes on and on. Essentially if you want to physically build something you're likely to use some of their products.
Aside from the cash flow coming to be, one of the reasons that I focus on dividend growth investing is that most businesses with a long history of rising dividends are likely to be in the quality camp. It's more of a first screen to see whether the business (1) has a history of rewarding shareholders and (2) has some competitive advantage that has allowed them to thrive for years.
According to the CCC list, RPM International is a Dividend Champion with 48 consecutive years of dividend growth. Dividend growth has fluctuated over time, as would be expected; however it's been relatively stable when expanding your timeframe.