Paint and coatings company PPG Industries (PPG) will raise its quarterly dividend by 1.9 percent to $0.54 per share in 2009. Last year PPG hiked its dividend to 53 cents per share quarterly.
The next dividend is payable December 11,2009 to shareholders of record at the close of business on November 10, 2009. The ex-date for his next dividend of 54 cents per share is November 6, 2009.
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.