PPG Board Of Directors Approve Dividend Increase From $0.62 To $0.65/Share
Portfolio Pulse from Happy Mohamed
PPG's Board of Directors has approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 65 cents per share. This marks the company's 500th consecutive dividend payment. The company has paid uninterrupted annual dividends since 1899.
July 20, 2023 | 2:44 pm
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PPG's dividend increase reflects the company's strong confidence in its business and future growth of its operating cash flow. This could be a positive signal to investors.
Dividend increases are generally seen as a positive signal by the market, indicating that the company is confident in its future earnings. This could lead to increased investor confidence in PPG, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100