The board of directors of PPG Industries (NYSE:PPG) today approved a 6-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 67 cents per share, payable June 12 to shareholders of record May 12.
“We remain extremely proud of our long dividend heritage,” said Charles E. Bunch, chairman and chief executive officer. “Delivering sustainable dividend increases for the benefit of our shareholders remains an integral part of our balanced cash-deployment strategy. The 10-percent increase in our per-share dividend is a reflection of the company’s continuing strong growth and cash-generation prospects.”
PPG’s prior quarterly dividend was 61 cents per share. This marks the company’s 463rd consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)PPG Industries’ vision is to continue to be the world’s leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter. Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.