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PPG Board of Directors approves dividend increase to 71 cents per share

1. PPG announces a 3-cent increase in its quarterly dividend. 2. This is PPG's 508th consecutive dividend payment. 3. CEO Tim Knavish expresses confidence in PPG's future growth. 4. PPG reported $15.8 billion in sales for 2024. 5. The company has maintained uninterrupted dividends since 1899.

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FAQ

Why Bullish?

A dividend increase reflects strong financial health and investor confidence, historically leading to positive stock performance. For example, the announcement of similar dividend increases by companies often leads to immediate stock price appreciation, reflecting investor approval and anticipated stability.

How important is it?

The increase of the dividend indicates strong operational performance and management's confidence, vital for investors seeking yields amid market volatility. Given PPG's historical commitment to dividends, this decision affirms its attractiveness as a stable investment.

Why Short Term?

Dividend announcements typically influence stock prices quickly, observed in past increases where stocks appreciated shortly thereafter. This immediate response is rooted in investor sentiment towards dividend stability.

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AXTASHWRPM
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 71 cents per share, payable Sept. 12 to shareholders of record Aug 11. This marks the company’s 508th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899. “We are proud of PPG’s long heritage of rewarding shareholders and are pleased to increase our dividend per share,” said Tim Knavish, PPG chairman and chief executive officer. “This dividend growth reflects the strong confidence that PPG’s Board has in the resiliency of our business and the strength and future growth of our company.” PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 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 $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com. The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc. CATEGORY Financial

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