PPG Industries (PPG) will raise its quarterly dividend by 5.9 percent to $0.54 per share in 2020. This marks the 49th consecutive year of dividend increases by Dividend Aristocrat PPG. Last year PPG Industries announced a 6.3 percent dividend hike. The next dividend of 54 cents per share is payable September 11, 2020, to shareholders of record August 10, 2020. The new annual dividend rate of $2.16 per share yields 1.8% at a stock price of almost $120 for PPG Industries. In its press release dated July 16, 2020, PPG announces the dividend hike including a comment from chairman and CEO Michael H. McGarry: “We are pleased to continue PPG’s legacy of rewarding our shareholders with an increase in our per share dividend, reflecting the continued strong cash flow and ongoing growth prospects of our company,” PPG states that this marks the company’s 488th consecutive dividend payment. Through ongoing dedication and expertise of its workforce, the company has paid uninterrupted annua...