PPG Industries, Inc. (NYSE:PPG) Plans Quarterly Dividend of $0.74

PPG Industries, Inc. (NYSE:PPG) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Monday, August 10th will be given a dividend of 0.74 per share by the specialty chemicals company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 10th. This is a 4.2% increase from PPG Industries’s previous quarterly dividend of $0.71.

PPG Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 54 consecutive years. PPG Industries has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Analysts expect PPG Industries to earn $8.70 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 32.6%.

PPG Industries Stock Performance

Shares of PPG opened at $118.83 on Friday. The firm has a market capitalization of $26.49 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.68 and a beta of 1.05. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The stock has a 50 day moving average price of $114.63 and a two-hundred day moving average price of $112.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts forecast that PPG Industries will post 7.93 earnings per share for the current fiscal year.

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.