PPG Industries (PPG) Raises Quarterly Dividend 11.1% to $0.40; 1.4% Yield
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PPG Directors Approve 11-Percent Dividend Increase to 40 Cents Per Share
April 21, 2016 8:27 AM EDTPITTSBURGH--(BUSINESS WIRE)-- The board of directors of PPG (NYSE: PPG) today approved a 4-cents-per-share increase in the companys dividend, declaring a regular quarterly dividend of 40 cents per share, payable June 10 to shareholders of record May 10. PPGs last quarterly dividend increase was 7 percent, in the second quarter of 2015.
This 11-percent increase in our per-share quarterly dividend reaffirms... More
PPG Reports Record First Quarter Earnings Per Diluted Share
April 21, 2016 6:51 AM EDTFirst quarter sales increased 4 percent in local currencies versus prior year, led by broadening European volume growth Reported net sales were consistent with prior year Record first quarter adjusted earnings per diluted share of $1.31, up 11 percent year-over-year despite unfavorable foreign currency translation Thirteenth consecutive quarter of double-digit percentage growth in adjusted earnings per diluted share Cash deployment continued; share repurchases of $150 million in the quarter Cash and short-term investments totaled $1.0 billion at quarter-end aided by working... More
