PPG directors raise dividend
Third increase in 15 monthsPITTSBURGH, July 19, 2007 –
The board of directors of PPG Industries declared a regular quarterly dividend of 52 cents a share, payable September 12 to shareholders of record August 10.
“With this increase, PPG has raised its dividend more than 10 percent over the past 15 months, with two increases in the past six months alone,” said PPG Chairman and Chief Executive Officer Charles E. Bunch. “These increases are a reflection of our continued strong financial performance, as well as our commitment to provide continuing rewards to our shareholders.”
PPG announced an increased quarterly dividend of 50 cents a share from a previous 48 cents a share on January 18, 2007. Previously, the company announced a quarterly dividend increase to 48 cents a share from a prior 47 cents a share on April 20, 2006.
PPG has increased shareholder payments for 35 consecutive years, paying uninterrupted dividends since 1899.About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company employs more than 34,000 people and has 125 manufacturing facilities and equity affiliates in more than 25 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