PPG Industries, Inc.
PPG42 yrs growthBasic Materials · Stock · quarterly payer
Forward Yield
2.52%
Annual Dividend
$2.96
Payout Ratio
40%
5-Yr Growth
5.8%
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Summary
As of July 2026, PPG Industries, Inc. (PPG) yields 2.52% ($2.96 per share annually), with a blended fair-value estimate of $96.92 — -17% downside, so it screens as overvalued. Dividend safety grade: A (90/100). 42 years of dividend growth.
Is PPG a good dividend stock?
YesPPG Industries, Inc. (PPG) pays a quarterly dividend yielding 2.52% ($2.96/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (40%)
- Strong 5.8% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.52%
- Payout Ratio
- 40%
- Annual Dividend
- $2.96
- 5-Yr Avg Growth
- 5.8%
- Ex-Dividend Date
- Aug 10, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 1.04
- Market Cap
- $25.8B
- P/E Ratio
- 16.8
- 5-Yr Total Return
- -26%
- 52-Week Range
- $93.39 – $133.43
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
PPG Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
-17%
5 Years
-26%
52-Week Range
$93.39 – $133.43
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PPG worth?
Overvaluedmedium confidenceOur blended fair-value estimate for PPG Industries, Inc. is $96.92 per share, versus a market price of $117.36. That implies 17% of downside.
Fair Value
$96.92
Current Price
$117.36
Downside
-17%
Margin of Safety
-21%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 16.4% annual free-cash-flow growth. We model 9.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.5% discount rate (CAPM), 9.2% stage-1 growth, 2.5% terminal growth, $6.98 EPS, $2.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PPG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.7100 | regular |
| Feb 20, 2026 | — | $0.7100 | regular |
| Nov 10, 2025 | — | $0.7100 | regular |
| Aug 11, 2025 | — | $0.7100 | regular |
| May 12, 2025 | — | $0.6800 | regular |
| Feb 21, 2025 | — | $0.6800 | regular |
| Nov 12, 2024 | — | $0.6800 | regular |
| Aug 12, 2024 | — | $0.6800 | regular |
| May 9, 2024 | — | $0.6500 | regular |
| Feb 15, 2024 | — | $0.6500 | regular |
| Nov 9, 2023 | — | $0.6500 | regular |
| Aug 9, 2023 | — | $0.6500 | regular |
| May 9, 2023 | — | $0.6200 | regular |
| Feb 16, 2023 | — | $0.6200 | regular |
Income Calculator
At $2.96 / yr per share
