Buy in August: PPG's Dividend Reliability and Industrial Strength

PPG Industries, Inc. (NYSE:PPG) is included among the 10 Best Dividend Stocks to Buy in August.

PPG Industries, Inc. (NYSE:PPG) is an American manufacturer of paints and coatings. In May, the company announced plans to invest $380 million in a new aerospace coatings and sealants plant in Shelby, North Carolina. Construction is set to start in October, with completion expected in the first half of 2027. The 198,000-square-foot facility will create over 110 jobs and produce PPG’s full range of aerospace coatings and sealants. The company stated that the added production capacity, along with improved transportation access, will enhance supply chain efficiency and customer service.

In addition to its strong commitment to growth, PPG Industries, Inc. (NYSE:PPG) is also a strong dividend company. On July 17, it declared a 4.4% hike in its quarterly dividend to $0.71 per share. Through this increase, the company stretched its dividend growth streak to 54 consecutive years, which makes it one of the best dividend stocks on our list. Moreover, PPG has paid regular dividends to shareholders for 54 consecutive years. The stock has a dividend yield of 2.49%, as of July 28.

While we acknowledge the potential of PPG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best and Safe Dividend Stocks to Buy Now and 10 Stocks with Highest Dividend to Buy Right Now.

Disclosure: None.