The ex-dividend date for PPG Industries (NYSE:PPG) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $152.07 as of 9:31 a.m., the dividend yield is 1.6%.
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, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $152.07 as of 9:31 a.m. ET, the dividend yield is 1.6%. The average volume for PPG has been 1.7 million shares per day over the past 30 days. PPG has a market cap of $21.72 billion and is part of the basic materials sector and chemicals industry. Shares are up 12.1% year to date as of the close of trading on Monday. PPG Industries, Inc. operates as a coatings and specialty products company. The company has a P/E ratio of 19.4, 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, compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PPG Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks 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.