PPG Industries increases dividend for 44th consecutive year

PPG Industries (NYSE:PPG) will raise its quarterly dividend by 7,5%.

The quarterly dividend will be raised from $0,67 to $0,72 per share, marking 44 years of consecutive dividend increases for Dividend Aristocrat PPG.

At a stock price of $227 PPG will have an indicated dividend yield of 1,3%. The company has paid uninterrupted annual dividends since 1899.

PPG directors also approved a 2-for-1 split of the company’s common stock for all shareholders of record as of the close of business May 11.

Source: PPG Industries