PPG Industries, Inc. (NYSE:PPG) Plans Dividend Increase – $0.74 Per Share

PPG Industries, Inc. (NYSE:PPG) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 10th will be given a dividend of 0.74 per share by the specialty chemicals company on Friday, September 11th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 10th. This is a 4.2% increase from PPG Industries’s previous quarterly dividend of $0.71.

PPG Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 54 consecutive years. PPG Industries has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect PPG Industries to earn $8.70 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 32.6%.

PPG Industries Stock Up 3.1%

PPG Industries stock opened at $118.83 on Friday. PPG Industries has a twelve month low of $93.39 and a twelve month high of $133.43. The stock has a 50 day moving average of $114.63 and a two-hundred day moving average of $112.83. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $26.49 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.68 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the business posted $1.72 EPS. The company’s revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts expect that PPG Industries will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

PPG has been the topic of several recent research reports. Royal Bank Of Canada boosted their price objective on shares of PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reduced their target price on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. The Goldman Sachs Group lowered their target price on shares of PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. BNP Paribas Exane increased their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Wells Fargo & Company reduced their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $124.93.

PPG Industries Company Profile

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.