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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plutus Powergen Plc | LSE:PPG | London | Ordinary Share | GB00B1GDWB47 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
PPG Industries Inc. (PPG) raised its quarterly dividend by 1.9%, the company's 38th-straight annual increase, saying the move expresses confidence in the company's ability to generate cash even during tough economic times.
The paint, glass, and chemicals maker said a quarterly dividend of 54 cents a share, up 1 cent, will be paid Dec. 11 to shareholders of record as of Nov. 10.
The announcement came a day after PPG posted a 36% rise in third-quarter profit amid prior-year restructuring charges. As demand remained weak, results topped analysts' expectations on cost cuts and higher margins. The company has closed plants and cut jobs in two major restructurings in the past year as its industrial and automotive customers cut output. Modest demand gains were seen in the third quarter and more are expected this quarter.
PPG shares closed Thursday at $62.08 and didn't trade premarket. The stock is up 46% this year.
-By Mike Barris, Dow Jones Newswires; 212-416-2330; mike.barris@dowjones.com;
1 Year Plutus Powergen Chart |
1 Month Plutus Powergen Chart |
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