PPG Industries hikes dividend for 45th consecutive year

PPG Industries (PPG) will raise its dividend by 11.1%.

Dividend Aristocrat PPG Industries will increase its quarterly dividend to $0.40 per share, marking 45 years of consecutive dividend increases.

“This 11-percent increase in our per-share quarterly dividend reaffirms PPG’s commitment to sustainable dividend increases as an integral part of our capital allocation strategy,” said Frank Sklarsky, PPG executive vice president and chief financial officer.

PPG Industries currently has an estimated dividend yield of 1.5%.

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