PPG directors raise dividendPITTSBURGH, Jan.18, 2007 –
The board of directors of PPG Industries today raised the quarterly dividend on the company’s common stock to 50 cents from 48 cents a share, payable March 12 to shareholders of record Feb. 16.
PPG has raised annual dividend payments every year since 1972. PPG has paid dividends without interruption since 1899.
“This dividend increase is a reflection of both the company’s growth and its consistent cash generation,” said Charles E. Bunch, PPG chairman and chief executive officer. “We are very proud to continue our long heritage of rewarding shareholders with increasing dividend payments.”About PPG
Pittsburgh-based PPG is a global supplier of coatings, chemicals, glass and fiber glass. The company employs more than 33,000 people and has 122 manufacturing facilities and equity affiliates in more than 20 countries. Sales in 2006 were $11 billion. PPG shares are traded on the New York and Philadelphia stock exchanges (symbol: PPG). For more information, visit www.ppg.com
Betsy Mallison Bialosky