PPG Industries (PPG) will raise its quarterly dividend by 6.3 percent to $0.51 per share in 2019. This marks the 48th consecutive year of dividend increases by Dividend Aristocrat PPG.
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 paints, coatings and specialty materials. PPG’s business is comprised of two reportable business segments: Performance Coatings and Industrial Coatings. PPG's products are used by customers in a wide array of end-uses, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment, automotive refinish; as well as for other industrial and consumer products. PPG also serves commercial and residential new build and maintenance customers by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. The company's brands include PPG, SEM, Glidden, Comex, Dulux, Sikkens, Mulco, Liquid Nails, Renner, Taubmans, Bristol, Dekoral, Trilak and Bondex. PPG Industries was incorporated in Pennsylvania in 1883 and has paid uninterrupted annual dividends since 1899.