PITTSBURGH--(BUSINESS WIRE)--Apr. 21, 2016--
The board of directors of PPG (NYSE:PPG) today approved a
4-cents-per-share increase in the company’s dividend, declaring a
regular quarterly dividend of 40 cents per share, payable June 10 to
shareholders of record May 10. PPG’s last quarterly dividend increase
was 7 percent, in the second quarter of 2015.
“This 11-percent increase in our per-share quarterly dividend reaffirms
PPG’s commitment to sustainable dividend increases as an integral part
of our capital allocation strategy,” said Frank Sklarsky, PPG executive
vice president and chief financial officer.
PPG’s prior quarterly dividend was 36 cents per share.
This marks the company’s 471st consecutive dividend payment. PPG has
paid uninterrupted annual dividends since 1899.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $15.3 billion in 2015.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160421005848/en/
Source: PPG
PPG Media Contact
Mark Silvey, +1-412-434-3046
Corporate
Communications
silvey@ppg.com
or
PPG
Investor Contact:
Scott Minder, +1-412-434-3466
Investor
Relations
sminder@ppg.com