15 Dividend Zombies to Invest in

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

Consecutive Years of Dividend Payments: 125

PPG Industries, Inc. (NYSE:PPG) is an American paint and coating manufacturing company that provides a wide range of related services and products. The company functions through two primary divisions: Performance Coatings and Industrial Coatings. It caters to a diverse range of customers in the construction, consumer products, industrial, and transportation industries. Its portfolio includes several well-recognized brands, such as Glidden, Olympic, and Dulux.

PPG Industries, Inc. (NYSE:PPG) reported mixed earnings in the fourth quarter of 2024. Its revenue came in at $3.7 billion, which fell by over 14% from the same period last year. The revenue also missed analysts’ estimates by $241.3 million. However, the company achieved its ninth consecutive quarter of growth in segment margin and segment EBITDA margin. Additionally, it repurchased approximately $250 million worth of shares during the quarter.

PPG Industries, Inc. (NYSE:PPG)’s cash position came in strong as it generated $1.4 billion in operating cash flow in FY24. The company also returned $620 million to shareholders through dividends. Due to this strong cash position, it was able to hike its dividends consistently for 53 years. Moreover, the company has never missed a dividend in 125 years. Currently, it offers a quarterly dividend of $0.68 per share and has a dividend yield of 2.46%, as of March 23.