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

1. PPG announced a 3-cent increase in its quarterly dividend to 71 cents. 2. This marks PPG's 508th consecutive dividend payment, a strong historical performance. 3. CEO Tim Knavish expressed confidence in PPG's business resilience and growth potential. 4. PPG reported $15.8 billion in net sales for 2024. 5. The company has maintained uninterrupted dividends since 1899.

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FAQ

Why Bullish?

The increase in dividends demonstrates management's confidence and may attract more investors, leading to a potential rise in stock price. Historically, consistent dividend growth correlates with positive stock performance, as seen in similar companies within the sector.

How important is it?

The announcement involves vital financial health indicators for PPG, crucial for investor confidence. The long history of uninterrupted dividends reinforces stability, which is a significant factor for investment decisions.

Why Short Term?

Dividend announcements typically lead to immediate positive reactions in stock prices as investors often look for income-generating assets. The effect may diminish over time but will boost sentiment in the short run.

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SHWAKZOYRPM
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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