PPG Industries, Inc. to Issue Quarterly Dividend of $0.71 (NYSE:PPG)

PPG Industries, Inc. (NYSE:PPG) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Friday, February 20th will be given a dividend of 0.71 per share by the specialty chemicals company on Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, February 20th.

PPG Industries has raised its dividend 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 33.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PPG Industries to earn $8.86 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 32.1%.

PPG Industries Stock Up 1.3%

Shares of PPG opened at $109.99 on Friday. PPG Industries has a 52 week low of $90.24 and a 52 week high of $124.74. The firm has a market capitalization of $24.68 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.23 and a beta of 1.17. The company has a 50-day simple moving average of $101.58 and a 200-day simple moving average of $105.95. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.PPG Industries’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities research analysts expect that PPG Industries will post 7.95 earnings per share for the current year.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.