PPG Pays About 28% Of Its Profit As Dividend

PPG Industries, Inc. PPG disclosed that its board has declared a regular quarterly dividend of $0.40 per share. That meant that the company has paid approximately 28 percent of its profit as dividend, which was slightly higher than the average 26 percent payout ratio in the five-year period.

PPG said that the dividend would be payable on September 12 to its shareholders of record August 10. The company indicated that this marked its 472nd straight dividend payment.
T
he average growth rate for the five-year period was 5.95 percent and that for the three-year period, it was 7.56 percent.

The dividend provided 1.50 percent yield, which is the same in the five-year average period.

On Thursday, the stock traded down by 2.08 percent.