Founded in 1947 amid the economic boom in the post-war U.S., specialty coatings, sealants, and building materials manufacturer RPM International Inc. (RPM) has been increasing the DPS for 46 consecutive years, which secured its place in a dividend champion club. Though its operations are cyclical in nature, it managed to consistently maintain a healthy level of FCF and dividend coverage. In FY20 (ended May 31), because of the obvious deterioration of the macro conditions in the wake of the pandemic, the company will likely fail to improve sales for the first time since