PITTSBURGH--(BUSINESS WIRE)--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 48 cents per share, payable Sept. 12 to shareholders of record Aug. 10.
“This 7-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 45 cents per share.
This marks the company’s 480th consecutive dividend payment. The company has raised its annual dividend payout for 46 consecutive years and 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 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 $14.7 billion in 2017. 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.