Dividend increase and earnings set the tone for PPG Industries stock

PPG Industries (PPG) is back on income investors' radar after announcing a $0.74 per share dividend with an ex-dividend date of 10 August 2026, extending its 54 year streak of annual increases.

This latest payout arrives shortly after second quarter 2026 results that showed sales of $4,495 million compared with $4,195 million a year earlier, while net income was $437 million compared with $450 million in the prior period.

At a share price of $115.48, PPG Industries has delivered a 10.67% year to date share price return and an 11.25% total shareholder return over the past year, while the 5 year total shareholder return is down 24.18%. This suggests more recent momentum has improved as investors weigh the latest dividend increase, the earnings release on 28 July 2026, and the completion of the multi year buyback program.

If this mix of income and moderate price gains has your attention, it could be a good moment to widen your watchlist and uncover 19 top founder-led companies

PPG Industries now trades between a 45% intrinsic value discount and a much narrower 9% gap to analyst targets. After the recent share price rebound, where does a reasonable fair value anchor really sit?

Most Popular Narrative: 8% Undervalued

The most followed narrative currently pegs PPG Industries' fair value at $125.50, which sits above the recent $115.48 close and frames that 45% intrinsic discount in a more measured way.

PPG is beginning to realize the benefits of its enterprise growth strategy started in 2023, with a focus on organic sales growth through strategic investments in innovation, which is expected to impact revenue positively. There is strong performance and expected continued demand in the Aerospace and Protective & Marine Coatings segments, driven by technology advantage products and share gains, which is likely to enhance revenue and earnings.

Want to see what sits behind that higher fair value for PPG Industries? The narrative leans on steady top line expansion, firmer margins and a future earnings multiple that has been carefully benchmarked against the wider chemicals sector.

Result: Fair Value of $125.50 (UNDERVALUED)

However, this PPG Industries narrative can unravel if raw material costs climb quickly again, or if weaker housing and auto demand pressures volumes and margins.

Next Steps

With mixed signals around PPG Industries, and both risks and rewards in play, it helps to review the data yourself and move quickly to form your own view. To see the balance of concerns and positives that other investors are focused on, take a close look at the 5 key rewards and 1 important warning sign

Looking for more investment ideas beyond PPG Industries?

If PPG Industries has sharpened your interest, now is the time to broaden your research and line up a few fresh candidates for your watchlist.

• Spot potential income workhorses and stress test your dividend approach by reviewing the 9 dividend fortresses.
• Hunt for companies that combine quality with pricing that may still look appealing by checking the 51 high quality undervalued stocks.
• Zero in on businesses that aim for resilience and capital protection by scanning the 83 resilient stocks with low risk scores.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.