PPG Industries, Inc. (NYSE:PPG) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show on the record date. Therefore, if you purchase PPG Industries’ shares on or after the 12th of May, you won’t be eligible to receive the dividend, when it is paid on the 12th of June.
The company’s next dividend payment will be US$0.68 per share, and in the last 12 months, the company paid a total of US$2.72 per share. Based on the last year’s worth of payments, PPG Industries has a trailing yield of 2.5% on the current stock price of US$108.56. We love seeing companies pay a dividend, but it’s also important…
