PPG Industries, Inc. (NYSE:PPG) approved a 3 cents per share increase in the dividend declaring a regular quarterly dividend of $ 0.54 per share, or $ 2.16 annualized. The prior quarterly dividend was 51 cents per share.
The dividend will be payable on September 11, 2020, to stockholders of record on August 10, 2020, with an ex-dividend date of August 7, 2020.
Michael H. McGarry, PPG chairman and chief executive officer, said, We are pleased to continue PPG 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.
Dividends History
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Stock Performance
According to the previous trading day, closing price of PPG was $ 115.62, representing a 65.72 % increase from the 52 week low of $ 69.77 and a 13.95 % decrease over the 52 week high of $ 134.36.
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The company has a market capital of $ 27.11 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The companys Performance Coatings segment offers coatings, solvents, adhesives, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.
