The board of directors of PPG Industries (NYSE:PPG) today declared a regular quarterly dividend of 67 cents per share, payable Sept. 12 to shareholders of record Aug. 11. This marks the company’s 464th 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. Reported 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.
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.