The Sherwin-Williams Company Buyback
OLI recorded this information on 2/17/2021
The Sherwin-Williams Company
Share Amount Authorized:
The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $1.65 per common share, an increase of 23.1% over the $1.34 paid in the same quarter in 2020, payable on March 12, 2021, to shareholders of record on March 1, 2021. This increase follows 42 consecutive years of dividend increases. Also, the Board authorized the Company to purchase 15 million shares of the Company's common stock for treasury, which is in addition to the shares remaining under the existing share repurchase authorization announced in October 2015. The total amount authorized will be adjusted proportionately to reflect the three-for-one stock split announced on February 3, 2021 so that there will be three times as many shares authorized for repurchase immediately after the stock split. The repurchase authorization has no expiration date, and purchases may be made from time to time for general corporate purposes.
Sherwin-Williams is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to industrial, commercial and retail customers. Co.'s segments are: The Americas Group, which markets and sells Sherwin-Williams® and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products; Consumer Brands Group, which supplies architectural paints, stains, varnishes, and industrial products, among others; and Performance Coatings Group, which develops and sells industrial coatings, automotive refinish, protective and marine coatings, coil coatings, packaging coatings and resins and colorants.
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Buy (2.88 out of 4)