updated Thursday, July 15, 12:08 PM
The Board of Directors of PPG today approved a 5-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 59 cents per share. The increase is payable Sept. 10 to shareholders of record Aug. 10. This payment, coupled with the payment of a similar quarterly dividend in December, will mark 50 consecutive years of annual increases in the company's dividend. The December dividend remains subject to approval from PPG's Board of Directors in October. PPG's prior quarterly dividend was 54 cents per share. "The 50-year milestone of annual dividend increases has been achieved by a very limited group of companies, and is a true testament to our company's legacy of consistently rewarding our shareholders," said Michael H. McGarry, PPG chairman and chief executive officer. "The increase is also a reflection of the strong confidence that PPG's Board and management team have in our ability to continue to generate and grow our operating cash flow, which is now enhanced by the five recent acquisitions that we completed." This marks the company's 492nd consecutive dividend payment. Through ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899.
Walgreens Boots Alliance today announced that its board of directors has declared a quarterly dividend of 47.75 cents per share, an increase of 2.1 percent. The increased dividend is payable September 10, 2021 to stockholders of record as of August 20, 2021, and raises the annual rate from $1.87 per share to $1.91 per share. Walgreens Boots Alliance and its predecessor company, Walgreen, have paid a dividend in 355 straight quarters, more than 88 years, and have raised the dividend for 46 consecutive years.
Coca-Cola today declared a dividend of 42 cents per common share. The dividend is payable Oct. 1, 2021, to shareowners of record of the company as of the close of business on Sept. 15, 2021.
Intel today announced that its board of directors has declared a quarterly dividend of $0.3475 per share, $1.39 per share on an annual basis, on the company's common stock. The dividend will be payable on Sept. 1, 2021, to stockholders of record on Aug. 7, 2021.
The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2021, to shareholders of record as of the close of business on Aug. 18, 2021.
For MarketNewsVideo.com, I'm Sayoko Murase.
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