PITTSBURGH--The board of directors of PPG (NYSE:PPG) today approved a 5-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 45 cents per share, payable Sept. 12 to shareholders of record Aug. 10. PPG’s last quarterly dividend increase was 11 percent, in the second quarter of 2016.
“This 13-percent increase in our per-share quarterly dividend is a reflection of the strong cash generation of our business portfolio and reaffirms our commitment to reward our shareholders with sustainable dividend increases,” said Vince Morales, PPG senior vice president and chief financial officer.
PPG’s prior quarterly dividend was 40 cents per share.
This marks the company’s 476th consecutive dividend payment. PPG 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 materials that our customers have trusted for more than 130 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 $14.3 billion in 2016. 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.