PPG directors announce quarterly dividend increase to 55 cents per share
PITTSBURGH, July 15, 2010 – The board of directors of PPG Industries (NYSE:PPG) today approved an increase in the company’s dividend, declaring a regular quarterly dividend of 55 cents per share, payable Sept. 10 to shareholders of record Aug. 10.
“We are pleased to continue PPG's tradition of returning cash to our shareholders,” said Charles E. Bunch, PPG chairman and chief executive officer. “This marks our second quarterly dividend rate increase within a year and demonstrates the confidence we have in the strength and consistent cash generation of our global business portfolio.”
PPG’s prior quarterly dividend was 54 cents a share.
This marks the company’s 448th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2009 were $12.2 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
PPG Corporate Communications
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