PPG Industries, Inc. (NYSE:PPG) Shareholders to Receive $0.74 Quarterly Dividend

PPG Industries, Inc. (NYSE:PPG) declared a quarterly dividend on Thursday, October 15th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.74 per share by the specialty chemicals company on Friday, December 11th. This represents a $2.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th.

PPG Industries has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 54 consecutive years. PPG Industries has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PPG Industries to earn $8.71 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 34.0%.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $107.81 on Friday. PPG Industries has a twelve month low of $93.39 and a twelve month high of $133.43. The stock has a market capitalization of $23.97 billion, a P/E ratio of 15.45, a PEG ratio of 1.70 and a beta of 1.06. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average price is $109.19 and its 200 day moving average price is $111.68.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts anticipate that PPG Industries will post 7.89 earnings per share for the current year.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.