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PPG Board of Directors announce quarterly dividend of 68 cents per share

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PPG (NYSE:PPG) has announced its Board of Directors has declared a regular quarterly dividend of 68 cents per share, payable March 12 to shareholders of record Feb. 21. The company has demonstrated remarkable consistency in its dividend payments, having raised its annual dividend for 53 consecutive years and maintained uninterrupted annual dividends since 1899. This marks PPG's 506th consecutive dividend payment.

The company, headquartered in Pittsburgh, operates in more than 70 countries and reported net sales of $18.2 billion in 2023. PPG serves customers in construction, consumer products, industrial and transportation markets, and aftermarkets, focusing on developing and delivering paints, coatings, and specialty materials.

PPG (NYSE:PPG) ha annunciato che il suo Consiglio di Amministrazione ha dichiarato un dividendo trimestrale regolare di 68 centesimi per azione, pagabile il 12 marzo agli azionisti registrati il 21 febbraio. L'azienda ha dimostrato una remarkable coerenza nei suoi pagamenti di dividendi, avendo aumentato il suo dividendo annuale per 53 anni consecutivi e mantenendo dividendi annuali ininterrotti dal 1899. Questo segna il 506° pagamento di dividendo consecutivo di PPG.

L'azienda, con sede a Pittsburgh, opera in oltre 70 paesi e ha riportato vendite nette di 18,2 miliardi di dollari nel 2023. PPG serve clienti nei mercati della costruzione, dei prodotti di consumo, dell'industria e dei trasporti, e nei mercati post-vendita, concentrandosi sullo sviluppo e sulla fornitura di vernici, rivestimenti e materiali specializzati.

PPG (NYSE:PPG) ha anunciado que su Junta Directiva ha declarado un dividendo trimestral regular de 68 centavos por acción, que se pagará el 12 de marzo a los accionistas registrados el 21 de febrero. La empresa ha demostrado una consistencia notable en sus pagos de dividendos, habiendo aumentado su dividendo anual durante 53 años consecutivos y mantenido dividendos anuales ininterrumpidos desde 1899. Este es el 506. pago de dividendo consecutivo de PPG.

La compañía, con sede en Pittsburgh, opera en más de 70 países y reportó ventas netas de 18.2 mil millones de dólares en 2023. PPG atiende a clientes en los mercados de construcción, productos de consumo, industrial y de transporte, así como en el mercado de postventa, enfocándose en el desarrollo y la entrega de pinturas, recubrimientos y materiales especiales.

PPG (NYSE:PPG)는 이사회가 주당 68센트의 정기 분기 배당금을 선언했으며, 2월 21일 기준 주주들에게 3월 12일에 지급될 것이라고 발표했습니다. 이 회사는 53년 연속 배당금을 인상하며, 1899년 이후로 연속하여 배당금을 지급해온remarkable한 일관성을 보여주었습니다. 이는 PPG의 506번째 연속 배당 지급을 나타냅니다.

본사는 피츠버그에 위치한 이 회사는 70개국 이상에서 운영되며, 2023년 순매출 182억 달러를 기록했습니다. PPG는 건설, 소비재, 산업 및 운송 시장, 그리고 애프터마켓에서 고객에게 서비스를 제공하며, 페인트, 코팅 및 특수 소재의 개발과 제공에 집중하고 있습니다.

PPG (NYSE:PPG) a annoncé que son conseil d'administration a déclaré un dividende trimestriel régulier de 68 cents par action, payable le 12 mars aux actionnaires enregistrés le 21 février. L'entreprise a fait preuve d'une constance remarquable dans ses paiements de dividendes, ayant augmenté son dividende annuel pendant 53 années consécutives et maintenu des dividendes annuels ininterrompus depuis 1899. Cela marque le 506ème paiement de dividende consécutif de PPG.

La société, dont le siège est à Pittsburgh, opère dans plus de 70 pays et a déclaré des ventes nettes de 18,2 milliards de dollars en 2023. PPG sert des clients dans les marchés de la construction, des produits de consommation, de l'industrie et du transport, ainsi que dans le secteur de l'après-vente, en se concentrant sur le développement et la livraison de peintures, de revêtements et de matériaux spéciaux.

PPG (NYSE:PPG) hat bekannt gegeben, dass der Vorstand eine regelmäßige vierteljährliche Dividende von 68 Cent pro Aktie erklärt hat, die am 12. März an die Aktionäre gezahlt wird, die am 21. Februar registriert sind. Das Unternehmen hat bemerkenswerte Konsistenz bei seinen Dividendenauszahlungen gezeigt, indem es seine jährliche Dividende 53 Jahre in Folge erhöht hat und seit 1899 ununterbrochene jährliche Dividenden beibehalten hat. Dies markiert die 506. aufeinanderfolgende Dividendenzahlung von PPG.

Das Unternehmen mit Hauptsitz in Pittsburgh ist in mehr als 70 Ländern tätig und erzielte einen Nettoumsatz von 18,2 Milliarden US-Dollar im Jahr 2023. PPG bedient Kunden in den Märkten Bau, Verbrauchsgüter, Industrie und Transport sowie im Aftermarket und konzentriert sich auf die Entwicklung und Lieferung von Farben, Beschichtungen und spezialisierten Materialien.

Positive
  • 53 consecutive years of dividend increases showing strong financial stability
  • 506 consecutive dividend payments demonstrating reliable shareholder returns
  • Substantial market presence with operations in 70+ countries
  • Strong revenue performance with $18.2B in net sales for 2023
Negative
  • None.

Insights

PPG's latest dividend declaration of $0.68 per share represents a cornerstone of their capital return strategy and financial stability. The company's remarkable 53-year streak of annual dividend increases positions them among an elite group of dividend aristocrats - companies that have increased dividends for at least 25 consecutive years. This consistency, coupled with an unbroken dividend payment history since 1899, spanning 506 payments, demonstrates exceptional financial resilience through multiple economic cycles, wars and market crashes.

The current dividend, annualized at $2.72 per share, yields approximately 1.8% based on current market prices. While this yield might appear modest compared to some market alternatives, it's the growth trajectory and reliability that make it attractive. With reported net sales of $18.2 billion in 2023 and operations across 70+ countries, PPG maintains a diversified revenue stream that supports sustainable dividend payments. The company's presence in construction, consumer products, industrial and transportation markets provides natural hedging against sector-specific downturns.

The dividend payout ratio remains at a conservative level, indicating room for future increases while maintaining financial flexibility for operational investments and potential acquisitions. This balanced approach to capital allocation has been a key factor in PPG's long-term success and shareholder value creation.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 68 cents per share, payable March 12 to shareholders of record Feb. 21.

Through the ongoing dedication and engagement of its workforce, PPG has raised its annual dividend payment for 53 consecutive years and has paid uninterrupted annual dividends since 1899. This marks the company’s 506th consecutive dividend payment.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE: PPG), we work every day to develop and deliver the paints, coatings, and specialty materials that our customers have trusted for 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $18.2 billion in 2023. We serve customers in construction, consumer products, industrial and transportation markets, and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Corporate

Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

Alex Lopez

Investor Relations

+1 412 434 3466

alejandrolopez@ppg.com

investor.ppg.com

Source: PPG

FAQ

What is PPG's latest quarterly dividend amount for 2024?

PPG's latest quarterly dividend is 68 cents per share, payable March 12 to shareholders of record Feb. 21.

How long has PPG been paying consecutive dividends?

PPG has been paying uninterrupted annual dividends since 1899, marking its 506th consecutive dividend payment.

What were PPG's net sales in 2023?

PPG reported net sales of $18.2 billion in 2023.

How many consecutive years has PPG increased its annual dividend?

PPG has raised its annual dividend payment for 53 consecutive years.

When is the record date for PPG's latest dividend?

The record date for PPG's latest dividend is February 21, 2024.

In how many countries does PPG operate?

PPG operates and innovates in more than 70 countries globally.

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26.54B
231.49M
0.2%
85.1%
1.99%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
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United States of America
PITTSBURGH