PPG Industries' board has raised the company's quarterly dividend by 4.2%, to 74 cents from 71 cents, making it 55 straight years that the paint maker has boosted its payout.
The new quarterly rate, equal to $2.96 a year, represents an annual yield of about 2.5% based on Thursday's trading price of $118.15, up from 2.4%.
The increase maintains PPG's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.
PPG also keeps its spot on the smaller list of dividend kings--those who have boosted their dividends annually for at least half a century. That group currently counts 58 members, according to website Sure Dividend.
The Pittsburgh company said the increased dividend is payable Sept. 11 to shareholders of record Aug. 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 16, 2026 11:38 ET (15:38 GMT)
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