The ex-dividend date for PPG Industries (NYSE:PPG) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $121.99 as of 9:31 a.m., the dividend yield is 2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for PPG Industries (NYSE: PPG) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $121.99 as of 9:31 a.m. ET, the dividend yield is 2%. The average volume for PPG has been 814,800 shares per day over the past 30 days. PPG has a market cap of $18.39 billion and is part of the basic materials sector and chemicals industry. Shares are up 43.6% year to date as of the close of trading on Monday. PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 20, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full PPG Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.