07.21.17
The board of directors of PPG approved a 5-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 45 cents per share, payable Sept. 12 to shareholders of record Aug. 10. PPG’s last quarterly dividend increase was 11 percent, in the second quarter of 2016.
“This 13-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 40 cents per share.
This marks the company’s 476th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
“This 13-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 40 cents per share.
This marks the company’s 476th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
