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 story : PPG Industries raises dividend, to lift the yield above the S&P 500's implied yield #FinanceUSA #StockMarketNEWS PPG Industries Inc. said Thursday that it will raise its quarterly dividend by 9.3%,

@stockMarketNEWS 15 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

PPG Industries raises dividend, to lift the yield above the S&P 500's implied yield #FinanceUSA #StockMarketNEWS
PPG Industries Inc. said Thursday that it will raise its quarterly dividend by 9.3%, to 59 cents a share from 54 cents a share. The new dividend will be payable Sept. 10 to shareholders of record on Aug. 10. The paint, coatings and specialty materials company's stock edged up 0.3% in morning trading. Based on current stock prices, the new annual dividend rate would imply a dividend yield of 1.38%, compared with the yield for the SPDR Materials Select Sector ETF of 1.63% and the implied yield for the S&P 500 of 1.35%. PPG said the raised dividend marks the 50th consecutive year of annual increases in the dividend. The stock has rallied 18.4% year to date, while the materials ETF has gained 13.8% and the S&P 500 has advanced 16.2%.


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