By Colin Kellaher

 

Sherwin-Williams Co. on Wednesday said its board raised the quarterly dividend by 18.6%, to $1.34, from $1.13.

The new payout, equal to $5.36 a year, represents an annual yield of about 0.92% based on Tuesday's closing price of $581.78, up from 0.78%.

The Cleveland-based paint maker said the increased dividend is payable March 13 to shareholders of record March 2.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 19, 2020 11:21 ET (16:21 GMT)

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