Is PPG Industries worth buying for its dividend? Earnings per share have been growing moderately, and PPG Industries is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. We would prefer to see earnings growing faster, but the best dividend stocks over the long term typically combine significant earnings per share growth with a low payout ratio, and PPG Industries is halfway there. PPG Industries looks solid on this analysis overall, and we'd definitely consider investigating it more closely.