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 54 cents per share, payable Sept. 11 to shareholders of record Aug. 10.
PPG’s prior quarterly dividend was 51 cents per share.
"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," said Michael H. McGarry, PPG chairman and chief executive officer.
This marks the company’s 488th consecutive dividend payment. Through ongoing dedication and expertise of its workforce, the company has paid uninterrupted annual dividends since 1899.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.