Business Magazine

PPG Industries, Inc. - PPG

Posted on the 02 November 2011 by Divstkforcomman @DivStkForComMan
PPG Industries, Inc. (PPG) rose $2.10 today, that's 2.48% in one day alone. They pay a quarterly dividend of $0.57 per share, which is currently 2.63%. PPG has increased their dividend year after year since August 4th, 1987. Their market cap is 13.3 billion dollars and they are on the prowl for acquisitions. Their board of directors just authorized the repurchase of 10 million shares. 10 million shares! It is obvious that the board and management think they are on the right path and/or their stock is about to pop or increase over the course of the next few quarters.
In a nutshell, PPG produces and supplies protective and decorative coatings, optical and speciality materials, commodity chemicals, and glass. Coatings will be needed as the world looks to expand and rebuild itself especially in regards to Japan. Also, in the ever expanding countries, China, India, Australia to name a few.
PPG has a low PE with a great dividend yield and brands. Even if this stock moves lower the dividend yield will keep your money safe. Click here to learn about PPG's company history. Also, their Investor Relations site, here. PPG is one of my favorite dividend aristocrats because of their diversified products and historical dividend increases. Pick up some shares and hold for life! Reinvest those dividends and watch your PPG holdings grow.

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