The board of directors of PPG Industries declared a regular quarterly dividend of 52 cents a share, payable September 12 to shareholders of record August 10.
With this increase, PPG has raised its dividend more than 10 percent over the past 15 months, with two increases in the past six months alone,” said PPG Chairman and Chief Executive Officer Charles E.Bunch. “These increases are a reflection of our continued strong financial performance, as well as our commitment to provide continuing rewards to our shareholders.”
PPG announced an increased quarterly dividend of 50 cents a share from a previous 48 cents a share on January 18, 2007. Previously, the company announced a quarterly dividend increase to 48 cents a share from a prior 47 cents a share on April 20, 2006.
PPG has increased shareholder payments for 35 consecutive years, paying uninterrupted dividends since 1899.