Top 5 Dividend Kings of 2021 (Part I)

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

Dividend Yield: 1.54%

Pennsylvania-based PPG Industries is a recent addition in the dividend kings list. The company has consistently increased its dividend for the last 50 years. It is a Fortune 500 company that sells paints, coatings and specialty materials.

Of the 816 hedge funds tracked by Insider Monkey, 36 funds were bullish on PPG Industries at the end of the third quarter.

First Eagle said the following about PPG stock in their Q1 Letter:

“Pittsburgh-based PPG Industries is a global leader in the manufacture and distribution of paints, coatings and specialty materials. PPG has a history of conservative balance sheet management and strong capital allocation and has generated positive free cash flow for more than 40 consecutive years. Early-2020 weakness in PPG’s share price, due primarily to its exposure to cyclical weakness in autos and industrial production, enabled us to add this business to the portfolio at what we considered an attractive price.”