PPG Board of Directors approves dividend increase to 68 cents per share

Rhea-AI Summary

PPG's Board of Directors has approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 68 cents per share, payable Sept. 12 to shareholders of record Aug. 12. This marks PPG's 504th consecutive dividend payment, maintaining its uninterrupted annual dividend streak since 1899. Tim Knavish, PPG chairman and CEO, expressed confidence in the company's business resiliency and future growth of operating cash flow.

PPG (NYSE: PPG), headquartered in Pittsburgh, operates in over 70 countries and reported net sales of $18.2 billion in 2023. The company develops and delivers paints, coatings, and specialty materials for construction, consumer products, industrial, and transportation markets.

Positive

• Increased quarterly dividend by 3 cents to 68 cents per share
• 504th consecutive dividend payment, maintaining uninterrupted streak since 1899
• Reported net sales of $18.2 billion in 2023
• Operates in over 70 countries, serving diverse markets

Negative

• 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 68 cents per share, payable Sept. 12 to shareholders of record Aug. 12.

This marks the company’s 504th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899.

“We are proud of PPG’s long heritage of rewarding shareholders and pleased with the opportunity to increase our dividend per share. This dividend growth reflects the strong confidence that PPG’s Board has in the resiliency of our business and the strength and future growth of our operating cash flow,” said Tim Knavish, PPG chairman and chief executive officer.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240718457739/en/

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 new quarterly dividend amount?

PPG's new quarterly dividend is 68 cents per share, an increase of 3 cents from the previous dividend.

When will PPG (NYSE:PPG) pay its next dividend?

PPG will pay its next dividend on September 12, 2024, to shareholders of record as of August 12, 2024.

How long has PPG been paying dividends?

PPG has been paying uninterrupted annual dividends since 1899, with this being its 504th consecutive dividend payment.

What were PPG's net sales in 2023?

PPG reported net sales of $18.2 billion in 2023.