PPG vs WMT: Dividend Comparison
Dividend data as of
Ppg Industries Inc (PPG) from Materials and Walmart Inc. (WMT) from Consumer Staples offer different dividend profiles for income-focused portfolios. PPG offers a significantly higher 2.15% yield compared to WMT's 0.72%, a gap of 1.43%. For dividend growth, WMT leads with a 5-year CAGR of 6.4% versus PPG's 5.3%. Both stocks carry a "Safe" dividend safety rating. Both are classified as Dividend Aristocrats.
Verdict
Yield Analysis
PPG yields 1.43% more than WMT. In dollar terms, PPG pays $2.78/share vs WMT's $0.91/share annually.
Dividend Growth
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%.
WMT: Dividend growth is accelerating — the 3-year CAGR of 11.2% exceeds the 5-year rate of 6.4% and the 10-year rate of 3.9%.
Dividend Safety
PPG: The payout ratio of 40% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.5x.
WMT: The payout ratio of 32% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.1x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in PPG vs WMT today?
At $131.33 per share, $10,000 buys about 76.1 shares of Ppg Industries Inc (PPG). Each share pays $2.78 per year in dividends, so the position starts out generating roughly $212 per year — about $18 a month.
At $133.79 per share, $10,000 buys about 74.7 shares of Walmart Inc. (WMT). Each share pays $0.91 per year in dividends, so the position starts out generating roughly $68 per year — about $6 a month.
PPG is the larger income stream from day one: $143 per year more on the same $10,000 invested.
What could $10,000 of PPG or WMT income look like in 10 years?
Ppg Industries Inc (PPG) has raised its dividend about 5.3% a year over the past five years. If that pace held, the $215 per year that $10,000 generates today at the current 2.15% yield would reach $361 per year by 2036 — a 3.6% yield on the original cost.
Walmart Inc. (WMT) has raised its dividend about 6.4% a year over the past five years. If that pace held, the $72 per year that $10,000 generates today at the current 0.72% yield would reach $134 per year by 2036 — a 1.3% yield on the original cost.
On those trailing rates, PPG pays more in 2036: $361 versus $134 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would WMT's dividend growth overtake PPG's higher yield?
Not within a realistic holding period. Walmart Inc. (WMT) is growing its dividend faster (6.4% vs 5.3% a year), but the starting-yield gap — 2.15% for PPG vs 0.72% for WMT — is wide enough that the crossover sits more than 30 years out on trailing rates. For income you plan to spend, PPG's head start is decisive.
Can PPG and WMT afford their dividends?
Ppg Industries Inc (PPG) earns $6.92 per share against $2.78 paid out in dividends — 2.5x coverage (a 40% payout ratio).
Walmart Inc. (WMT) earns $2.86 per share against $0.91 paid out in dividends — 3.1x coverage (a 32% payout ratio).
WMT's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for PPG if earnings weaken.
Which fits an early-retirement income portfolio better, PPG or WMT?
For income you need right now, Ppg Industries Inc (PPG) leads: $100,000 invested today pays about $179 a month at the current 2.15% yield, versus $60 a month from Walmart Inc. (WMT) at 0.72%.
With a decade or more before the income is needed, WMT's faster dividend growth (6.4% vs 5.3% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
On consistency: PPG has raised its dividend 42 consecutive years; WMT has raised its dividend 43 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $447/yr in PPG vs $144/yr in WMT by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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