PPG Board of Directors approve 5 percent shareholder dividend increase to 62 cents per share; 2022 to mark 51 consecutive years of annual dividend increases

Rhea-AI Summary

PPG (NYSE:PPG) has announced a 3-cent increase in its quarterly dividend, raising it to 62 cents per share, payable on September 10 for shareholders of record as of August 10. This increment marks the company’s 51st consecutive year of annual dividend increases. The previous quarterly dividend was 59 cents. PPG’s management expressed confidence in the company’s ability to generate and grow operating cash flow. The upcoming dividend payment will be PPG's 496th consecutive payment, continuing a tradition since 1899.

Positive

• Increased quarterly dividend from 59 cents to 62 cents per share.
• 51 consecutive years of annual dividend increases reflect strong company confidence.
• 496th consecutive dividend payment showcases PPG's long-standing commitment to shareholders.

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• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of PPG (NYSE:PPG) today approved a 3-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 62 cents per share. The increase is payable Sept. 10 to shareholders of record Aug. 10.

This payment, coupled with the payment of a similar quarterly dividend in December, will mark 51 consecutive years of annual increases in the company’s dividend. The December dividend remains subject to approval from PPG’s Board of Directors in October.

PPG’s prior quarterly dividend was 59 cents per share.

“We are pleased to continue PPG’s legacy of rewarding our shareholders with an increase in our per share dividend, reflecting the continued, strong confidence that PPG’s Board and management team have in our ability to generate and grow our operating cash flow,” said Michael H. McGarry, PPG chairman and chief executive officer.

This marks the company’s 496^th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899.

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 nearly 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 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

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

CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720006055/en/

Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Source: PPG

FAQ

What is the new dividend amount for PPG in 2023?

PPG's new dividend amount is 62 cents per share, increased from 59 cents.

When is the dividend payment date for PPG?

The dividend payment date for PPG is September 10, 2023.

How long has PPG been increasing its dividend?

PPG has increased its dividend for 51 consecutive years.

What was the previous dividend amount for PPG before the increase?

The previous quarterly dividend amount for PPG was 59 cents per share.

What is the record date for the PPG dividend?

The record date for the PPG dividend is August 10, 2023.