15 Dividend Stocks to Buy for Steady Income

7. PPG Industries, Inc. (NYSE:PPG)

Dividend Yield as of March 19: 2.93%

On March 19, RBC Capital lowered its price recommendation on PPG Industries, Inc. (NYSE:PPG) to $114 from $115. It kept a Sector Perform rating after meeting with the company’s Investor Relations team. The firm said demand across industrial end markets remains uneven. It also flagged potential headwinds if the Iran conflict extends into Q2, according to the research note.

On March 2, PPG announced a collaboration with IPG Photonics Corporation and Whirlpool Corporation to advance the commercialization of laser curing systems for powder coatings. The effort is focused on lowering curing costs and reducing environmental impact, while also improving finishing line speed.

Laser curing works differently from traditional thermal methods. It uses infrared light to trigger crosslinking, the reaction that turns powder into a durable coating. The process works with standard powder chemistries as well as those designed for laser curing. It also takes minutes instead of the longer cycles required in thermal systems. That shorter cycle can translate into lower energy use and higher throughput in production settings.

PPG has been expanding its powder coatings business in recent years. It now operates 21 powder manufacturing plants, along with seven bonding facilities, a powder resin plant, a research and development center, and a Global Center of Excellence.

PPG Industries, Inc. (NYSE:PPG) manufactures and distributes paints, coatings, and specialty products through its Global Architectural Coatings, Performance Coatings, and Industrial Coatings segments.