PPG Industries, Inc. (PPG) to Distribute Quarterly Dividend of $0.74 on September 11th

PPG Industries, Inc. (NYSE:PPG) declared a quarterly dividend on Thursday, July 16th. Investors of record on Monday, August 10th will be paid a dividend of 0.74 per share by the specialty chemicals company on Friday, September 11th. 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, August 10th. This is a 4.2% increase from PPG Industries’s previous quarterly dividend of $0.71.

PPG Industries has increased 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 dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PPG Industries to earn $8.68 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 32.7%.

PPG Industries Stock Performance

NYSE:PPG opened at $117.39 on Friday. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The firm has a market capitalization of $26.17 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. The business’s fifty day moving average price is $114.79 and its 200 day moving average price is $112.87.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts anticipate that PPG Industries will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PPG has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, BNP Paribas Exane raised their price target on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $126.13.

About PPG Industries

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.