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PPG Directors Increase Quarterly Dividend and Approve 2-for-1 Stock Split

By: Catherine Diamon

The board of directors of PPG Industries have declared a regular quarterly dividend of 72 cents per share, payable June 12 to shareholders of record May 11. This marks the company’s 467th consecutive dividend payment. PPG’s previous dividend, paid in March, was 67 cents per share. The company has paid uninterrupted annual dividends since 1899.

PPG directors also approved a 2-for-1 split of the company’s common stock for all shareholders of record as of the close of business May 11. On June 12, following payment of the quarterly per-share dividend, each shareholder will also receive a stock dividend of one additional share of common stock for each share held on the record date. PPG common stock will begin trading on a split-adjusted basis on Monday, June 15.

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