The ex-dividend date for PPG Industries (NYSE:PPG) is tomorrow, February 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $138.59 as of 9:32 a.m., the dividend yield is 1.7%.
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, February 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $138.59 as of 9:32 a.m. ET, the dividend yield is 1.7%. The average volume for PPG has been 3.4 million shares per day over the past 30 days. PPG has a market cap of $19.87 billion and is part of the basic materials sector and chemicals industry. Shares are up 3% year to date as of the close of trading on Friday. PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 17.6, below 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 revenue growth, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full PPG Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.