PPG Industries, Inc. (NYSE:PPG) Declares Quarterly Dividend of $0.74

Key Points

• PPG Industries declared a quarterly dividend of $0.74 per share, payable December 11 to shareholders of record November 10. The annualized dividend is $2.96, yielding approximately 2.7%.
• PPG has increased its dividend for 54 consecutive years; its 34.8% payout ratio indicates the dividend is well covered by earnings, with analysts expecting a similar 34.0% payout ratio next year.
• The company reported quarterly revenue of $4.50 billion, up 7.2% year over year, though adjusted earnings of $2.23 per share narrowly missed estimates. Institutional investors own approximately 81.86% of PPG’s stock.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) declared a quarterly dividend on Thursday, October 15th. Investors of record on Tuesday, November 10th will be given a dividend of $0.74 per share by the specialty chemicals company on Friday, December 11th. This represents a $2.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, November 10th.

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 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PPG Industries to earn $8.71 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 34.0%.

PPG Industries Stock Up 2.8%

NYSE:PPG opened at $107.81 on Friday. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The stock has a 50-day simple moving average of $109.19 and a 200 day simple moving average of $111.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the firm earned $2.22 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts predict that PPG Industries will post 7.89 EPS for the current fiscal year.

Institutional Investors Weigh In On PPG Industries

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its holdings in shares of PPG Industries by 5.7% during the third quarter. V Square Quantitative Management LLC now owns 10,300 shares of the specialty chemicals company's stock valued at $1,075,000 after acquiring an additional 554 shares during the period. QRG Capital Management Inc. lifted its position in PPG Industries by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 20,147 shares of the specialty chemicals company's stock valued at $2,444,000 after purchasing an additional 1,695 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in PPG Industries by 6.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company's stock valued at $244,000 after purchasing an additional 114 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in PPG Industries by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,590 shares of the specialty chemicals company's stock valued at $30,515,000 after purchasing an additional 6,928 shares during the period. Finally, State Street Corp boosted its stake in PPG Industries by 8.8% during the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company's stock valued at $1,682,428,000 after purchasing an additional 1,124,109 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG's products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.

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