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PPG directors announce quarterly dividend increase to 54 cents per share
PITTSBURGH, Oct. 16, 2009 –
The board of directors of PPG Industries (NYSE:PPG) yesterday approved the company’s 38th consecutive annual dividend increase, declaring a regular quarterly dividend of 54 cents per share, payable Dec. 11 to shareholders of record Nov. 10.
“We are proud to continue PPG's tradition of annual dividend increases, especially given this year's difficult economic environment,” said Charles E. Bunch, PPG chairman of the board and chief executive officer. “This increase not only demonstrates the confidence we have in PPG’s business portfolio to generate cash consistently, but it also underscores the value we place on returning cash to our shareholders.”
PPG’s prior quarterly dividend was 53 cents a share.
This marks the company’s 445th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
Pittsburgh-based PPG is a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass. The company has more than 140 manufacturing facilities and equity affiliates and operates in more than 60 countries. Sales in 2008 were $15.8 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit
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