PPG Industries Board Approves Dividend Hike, 2-for-1 Stock Split

PPG Industries said Thursday its board has approved a dividend hike and 2-for-1 stock split. The coatings and glass products company will raise the quarterly dividend to 72 cents a share from 67 cents. The new dividend will be paid June 12 to shareholders of record as of close of business May 11. The board also agreed to a stock split that will be carried out June 12. Shares were not yet active in premarket trade, but are down 1.7% in the year so far, while the S&P 500 has gained 2.3%.