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RPM raises dividend by 1 cent to 22.5 cents

MEDINA, Ohio -- RPM International Inc. said Thursday that its board raised the company's regular quarterly cash dividend by 1 cent, to 22.5 cents.

The new dividend, which represents a 4.7 percent increase, will be paid on Oct. 31 to shareholders of record as of Oct. 15.

RPM's subsidiaries make specialty coatings, sealants and building materials. Shares of the Medina, Ohio-based rose 19 cents to $27.21 in afternoon trading.