PPG Industries Raises Dividend for 54th Straight Year

Corporate Action
โดย Insider Monkey·US·Read original
Summary · why it matters

PPG Industries raised its quarterly dividend by 3 cents to 74 cents per share in July 2026, marking its 512th consecutive payment and 54th straight year of increases. The new annual payout of $2.96 per share represents a roughly 6.5% increase from $2.78 in 2025, and management reiterated full-year adjusted EPS guidance of $7.70 to $8.10, implying a payout ratio of about 37% to 38%. Second-quarter adjusted EPS was $2.23, essentially flat from $2.22 a year earlier, while revenue rose 7% to $4.5 billion and operating cash flow for the first half jumped more than 60% to $592 million. The company paid $317 million in dividends during the first half, slightly exceeding the $283 million left after capital spending, though PPG ended June with $1.6 billion in cash and short-term investments and net debt down $415 million to $5.3 billion.

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Critical Materials & Supply Chain · 1 stocks
PPG Industries Inc
PPG
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PPG raised its dividend for the 54th consecutive year and reaffirmed EPS guidance, signaling financial strength.

Industrials · 1 stocks