PPG directors announce dividend increasePITTSBURGH, Oct. 17, 2008 –
The board of directors of PPG Industries (NYSE:PPG) yesterday declared a regular quarterly dividend of 53 cents a share, payable Dec. 12 to shareholders of record Nov. 10.
“We remain proud of our long heritage of increasing dividend payments, as it reflects the company’s overall growth and higher levels of cash generation as well as the value we place in increasing cash returned to our shareholders,” said William H. Hernandez, PPG senior vice president, finance, and chief financial officer.
PPG’s prior quarterly dividend was 52 cents a share. The company has increased its annual dividend payout for 37 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 has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com