Dividend Aristocrat PPG Industries raises dividend for 48th consecutive year
The board of directors of PPG (NYSE:PPG) today approved a 3-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 51 cents per share, payable Sept. 12 to shareholders of record Aug. 12. PPG’s prior quarterly dividend was 48 cents per share.
The next dividend is payable September 12, 2019, to shareholders of record August 12, 2019. The new annual dividend rate of $2.04 per share yields 1.7% at a stock price of $117.51.
PPG Industries, Inc. manufactures and distributes a range of coatings and specialty materials. PPG serves customers in construction, consumer products, industrial and transportation markets and aftermarkets. Its brands include PPG, Glidden, Comex, Dulux, Sikkens, Mulco, Liquid Nails, Renner, Taubmans, Bristol, Dekoral, Trilak and Bondex.