DOV vs PPG: Dividend Yield, Growth & Safety Comparison
DOVER Corp (DOV) from Industrials and Ppg Industries Inc (PPG) from Materials offer different dividend profiles for income-focused portfolios. PPG offers a significantly higher 2.15% yield compared to DOV's 0.90%, a gap of 1.25%. For dividend growth, PPG leads with a 5-year CAGR of 5.3% versus DOV's 1.0%. Both stocks carry a "Safe" dividend safety rating. Both are classified as Dividend Aristocrats.
Key Metrics Comparison
| Metric | DOV | PPG |
|---|
| Dividend Yield | 0.90% | 2.15% |
| Annual Dividend | $2.08 | $2.78 |
| 5-Year CAGR | 1.0% | 5.3% |
| Payout Ratio | 26% | 40% |
| Consecutive Years | 41 | 42 |
| Price | $231.16 | $131.33 |
Yield Comparison
Ppg Industries Inc (PPG) currently yields 2.15%, which is solid for the broader market. That's 1.25% more than DOVER Corp (DOV), which yields 0.90%. In dollar terms, PPG pays $2.78/share annually versus DOV's $2.08/share.
Dividend Growth
Over the past five years, PPG has grown its dividend at a 5.3% CAGR compared to DOV's 1.0%. DOV: Dividend growth has been steady, with a 3-year CAGR of 1.0% and a 5-year CAGR of 1.0% (10-year: 4.5%). PPG: Dividend growth is slowing — the 3-year CAGR of 4.6% trails the 5-year rate of 5.3% and the 10-year rate of 6.6%.
Dividend Safety
DOV's dividend safety is rated "Safe." The payout ratio of 26% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.8x. PPG's dividend safety is rated "Safe." The payout ratio of 40% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.5x. DOV's payout ratio of 26% is more conservative than PPG's 40%, suggesting more room for future increases.
Income Comparison
A $10,000 investment in PPG generates approximately $215/year in dividend income, compared to $90/year from DOV — a difference of $125/year. At $100,000, that gap widens to $1250/year.
Verdict
- Best for income: PPG
- Best for growth: PPG
- Best for safety: DOV
Frequently Asked Questions
Which has a higher dividend yield, DOV or PPG?
Ppg Industries Inc (PPG) has a higher dividend yield of 2.15% compared to DOVER Corp (DOV) at 0.90%.
Is DOV or PPG a better dividend growth stock?
Ppg Industries Inc has the stronger dividend growth with a 5-year CAGR of 5.3%, compared to DOVER Corp's 1.0%.
Which is safer for dividend income, DOV or PPG?
DOVER Corp's dividend safety is rated "Safe" while Ppg Industries Inc is rated "Safe." The payout ratio of 26% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.8x. The payout ratio of 40% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.5x.
How much income does $10,000 in DOV vs PPG generate?
A $10,000 investment in DOV generates approximately $90/year in dividends, while the same amount in PPG generates about $215/year.
Is DOV or PPG a Dividend Aristocrat?
DOVER Corp is a Dividend Aristocrat (41 years) and Ppg Industries Inc is a Dividend Aristocrat (42 years).
Which has a lower payout ratio, DOV or PPG?
DOVER Corp has a lower payout ratio of 26% compared to Ppg Industries Inc's 40%. A lower payout ratio generally indicates more room for dividend growth and better sustainability.
DOV vs PPG: which is better for retirement income?
It depends on your priorities. PPG for current income, PPG for dividend growth, DOV for safety. Many retirement investors hold both for diversification.
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