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PPG Directors Announce Quarterly Dividend Increase to 57 Cents Per Share

Dépèche transmise le 21 avril 2011 par Business Wire

PPG Directors Announce Quarterly Dividend Increase to 57 Cents Per Share

PITTSBURGH--(BUSINESS WIRE)--The board of directors of PPG Industries (NYSE:PPG) today approved a two cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 57 cents per share, payable June 10 to shareholders of record May 10.

“This marks the second increase to PPG’s quarterly dividend in nine months, reflecting our continued optimism regarding our strong cash-generation prospects.”

“We are pleased to continue our long-standing tradition of returning cash to PPG shareholders,” said Charles E. Bunch, PPG chairman and CEO. “This marks the second increase to PPG’s quarterly dividend in nine months, reflecting our continued optimism regarding our strong cash-generation prospects.”

PPG’s prior quarterly dividend was 55 cents per share.

This marks the company’s 451^st consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.

About PPG

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 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.