The Board of Directors of PPG, a leading global coatings and specialty materials company, has recently made an exciting announcement that is sure to please its shareholders. Today, they approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 65 cents per share. This marks PPG's 500th consecutive dividend payment, a testament to the company's commitment to rewarding its investors.

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A Historic Milestone

PPG's announcement of its 500th consecutive dividend payment is a historic milestone for the company. With uninterrupted annual dividends since 1899, PPG has demonstrated remarkable stability and consistency in its shareholder rewards. This accomplishment reflects the strong dedication and engagement of its workforce, who have contributed to the company's success over the years.

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Confidence in Resilient Business

Tim Knavish, the President and Chief Executive Officer of PPG, expressed pride in the company's long heritage of rewarding shareholders with dividend growth. The 3-cents-per-share increase in the dividend indicates the Board's confidence in the resiliency of PPG's business even in challenging times. This decision also highlights the company's optimism about future growth and its ability to generate robust operating cash flow.

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Commitment to Shareholders

PPG's consistent and increasing dividends demonstrate its unwavering commitment to providing value to its shareholders. As the company continues to navigate through various market conditions, this dividend increase reaffirms its dedication to delivering long-term returns to investors. The dividend payment on September 12th will be made to shareholders of record as of August 10th, providing them with a tangible reward for their investment in PPG.