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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 65 cents per share, payable Sept. 12 to shareholders of record August 10.
This marks the company’s 500th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899.
“I am proud of PPG’s long heritage of rewarding shareholders with dividend growth. This increase in our per share dividend reflects the continued, strong confidence that PPG’s Board has in the resiliency of our business and the strength and future growth of our operating cash flow,” said Tim Knavish, PPG President and CEO.