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No. Ticker Company Name Chinese Name Years of Consecutive Dividend Growth Sector 1 AWR American States Water American States Water 71 Utilities 2 DOV Dover Corporation Dover Corporation 70 Industrials 3 NWN Northwest Natural Holding Northwest Natural Holding 70 Utilities 4 GPC Genuine Parts Company Genuine Parts Company 69 Consumer Discretionary 5 PG Procter & Gamble Procter & Gamble 69 Consumer Staples 6 PH Parker-Hannifin Parker-Hannifin 69 Industrials 7 EMR Emerson Electric Emerson Electric 69 Industrials 8 CINF Cincinnati Financial Cincinnati Financial 65 Financials 9 JNJ Johnson & Johnson Johnson & Johnson 63 Healthcare 10 KO Coca-Cola Coca-Cola 63 Consumer Staples 11 CL Colgate-Palmolive Colgate-Palmolive 62 Consumer Staples 12 NDSN Nordson Corporation Nordson Corporation (industrial adhesives, sealants) 62 Industrials 13 HRL Hormel Foods Hormel Foods 60 Consumer Staples 14 ABM ABM Industries ABM Industries 58 Industrials 15 CWT California Water Service California Water Service Group 58 Utilities 16 FRT Federal Realty Investment Trust Federal Realty Investment Trust 58 Real Estate 17 SWK Stanley Black & Decker Stanley Black & Decker (power and hand tools) 58 Industrials 18 CBSH Commerce Bancshares Commerce Bancshares 57 Financials 19 SCL Stepan Company Stepan Company (surfactants) 57 Materials 20 FUL H.B. Fuller H.B. Fuller (adhesives, sealants) 56 Materials 21 MO Altria Group Altria Group (parent company of Marlboro) 56 Consumer Staples 22 SYY Sysco Corporation Sysco Corporation 56 Consumer Staples 23 TR Tootsie Roll Industries Tootsie Roll Industries 56 Consumer Staples 24 ITW Illinois Tool Works Illinois Tool Works 55 Industrials

Dividend Champion RPM: Strong Cash Flow to Combat Inflation

RPM’s business is divided into four reportable segments: the Construction Products Group (“CPG”), the Performance Coatings Group (“PCG”), the Consumer Group (“Consumer”), and the Specialty Products Group (“SPG”). These four reportable segments also represent RPM’s operating segments. ・CPG: Primarily engaged in manufacturing and selling construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixtures and repair products. Provides building envelope solutions, insulated cladding, flooring systems, and rain-screen solutions. In the third quarter of fiscal year 2022, sales for this segment increased 21.7% year-on-year to $482 million, driven by 23.2% organic growth and a 2.2% contribution from acquisitions. Benefits were derived from innovative building envelope solutions and differentiated repair offerings. ・PCG: Offers high-performance flooring solutions, corrosion-control and fire-protection coatings, infrastructure repair systems, fiberglass-reinforced plastic gratings, and drainage systems. In the third quarter of fiscal year 2022, sales for this segment rose 19.6% year-on-year to $270.9 million, primarily attributable to 17.8% organic growth and a 3.4% contribution from acquisitions. ・Consumer: Manufactures and sells rust inhibitors, specialty and decorative paints, caulks and sealants, primers, cement cleaners, floor sealers, wood-finishing paints, sandpaper and other abrasives, and other branded consumer products. Organic sales for this segment grew 3.6% in the third quarter of fiscal year 2022, while total segment sales increased 2.9% year-on-year to $491.6 million. ・SPG: Manufactures and sells industrial cleaning agents for pharmaceutical and food industries, equipment for repair services, colorants, nail enamels, exterior coatings, edible coatings, specialty glazes, and other specialty original equipment manufacturer (“OEM”) coatings. Sales for this segment totaled $189 million, up 11.9% year-on-year. 03 Financial Data ① Revenue and Profit ・Net sales for the third quarter of fiscal year 2022 reached a record $1.43 billion, an increase of 13.0% from $1.27 billion in the same period last year. Operating profit for the quarter was $500 million, up 5.6% from $470 million in the prior-year period. ・Frank C. Sullivan, Chairman and CEO of RPM, stated that RPM employees persevered through unprecedented supply-chain challenges and disruptions related to the Omicron variant, as well as inflationary pressures. Despite these difficulties—greater than those faced last year—the company achieved record EBIT and record sales in the quarter. In September last year, RPM swiftly responded to supply-chain challenges by rapidly expanding internal resin production at its newly acquired manufacturing facility in Texas. Additionally, RPM’s continued investment in its fastest-growing business areas drove accelerated growth in its high-performance construction and coating systems. Construction and industrial maintenance activity remained robust, energy markets began rebounding, and consumer takeout demand remained strong. ・In the third quarter of fiscal year 2022, RPM’s U.S. revenue accounted for 69% of total revenue, representing its primary revenue source. The company markets its products directly to contractors, distributors, and end customers, most of whom are located within the United States. ・In the third quarter of fiscal year 2022, RPM’s European revenue accounted for 17% of total revenue. Europe serves as the primary overseas market for RPM’s Consumer and SPG segments.