PPG: directors announce dividend rise

The board of directors of PPG Industries declared on 17 October 2008 a regular quarterly dividend of USD 0.53 a share, payable 12 December to shareholders of record 10 November 2008.
“We remain proud…

The board of directors of PPG Industries declared on 17 October 2008 a regular quarterly dividend of USD 0.53 a share, payable 12 December to shareholders of record 10 November 2008. “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 USD 0.52 a share. The company has increased its annual dividend payout for 37 consecutive years, paying uninterrupted dividends since 1899.