PPG Industries, Inc. (NYSE:PPG) to Issue Quarterly Dividend of $0.71

Key Points

• PPG declared a quarterly dividend of $0.71 per share (record date May 11, payable June 12), implying an annual dividend of $2.84 and a yield of about 2.5%.
• The dividend appears well‑covered—PPG has raised its payout for 54 years and carries a payout ratio near 33%, with FY2026 guidance of $7.70–$8.10 EPS (analysts expect $7.95) supporting continued coverage.
• Shares rose about 4.2% to $112.22 on the news; Wall Street sentiment is mixed with a consensus rating of Hold and an average target price around $120.50.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) declared a quarterly dividend on Thursday, April 16th. Investors of record on Monday, May 11th will be given a dividend of 0.71 per share by the specialty chemicals company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th.

PPG Industries has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 54 years. PPG Industries has a dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect PPG Industries to earn $8.86 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 32.1%.

PPG Industries Stock Up 4.2%

Shares of NYSE PPG traded up $4.50 during mid-day trading on Thursday, reaching $112.22. The company had a trading volume of 2,973,238 shares, compared to its average volume of 2,236,939. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $113.40 and a two-hundred day simple moving average of $106.84. The stock has a market cap of $25.12 billion, a P/E ratio of 16.17, a PEG ratio of 1.67 and a beta of 1.16. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the previous year, the business posted $1.61 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts predict that PPG Industries will post 7.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PPG. Jefferies Financial Group lowered their price objective on shares of PPG Industries from $125.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, March 26th. BNP Paribas Exane lowered their price objective on shares of PPG Industries from $113.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 14th. UBS Group reduced their target price on shares of PPG Industries from $122.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday, April 2nd. Sanford C. Bernstein raised their target price on shares of PPG Industries from $123.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Finally, Bank of America reduced their target price on shares of PPG Industries from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $120.50.

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.

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