Is PPG Industries a Great Dividend Stock?

In a sense, the question has already been answered by paintings and coatings company PPG Industries' (NYSE: PPG) track record of dividend payments. After adjusting for stock splits, the company has raised its dividend every year for the last 47 years, making it a senior member of an elite group called Dividend Aristocrats -- companies that have raised their dividends for 25 years or more. That said, investors are usually more interested in the future than in the past, so here's a look at whether PPG is still a great stock for income-seeking investors.

I'll cut to the chase. If you believe the global economy will keep growing over the long term, then the answer is yes. In a nutshell, PPG's demonstrated ability to grow earnings and free cash flow over the cycle suggests investors can look forward to many years of dividend increases to come.

The auto refinish market provides some support when growth slows in the new production market. Image source: Getty Images.

Source Fool.com