PPG Industries (NYSE: PPG) declared a quarterly dividend of $0.72 per share, or $2.88 annualized.

The dividend will be payable on June 12, 2015, to stockholders of record on May 11, 2015, with an ex-dividend date of May 7, 2015.

The annual yield on the dividend is 1.3 percent.

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.

For a dividend history and other dividend-related data on PPG Industries (PPG) click here.