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PPG Directors Announce Quarterly Dividend Increase to 55 Cents Per Share

^{Published on 2010-07-15 07:11:04 - Market Wire}
 

PITTSBURGH--([ BUSINESS WIRE ])--The board of directors of PPG Industries (NYSE:PPG) today approved an increase in the companya™s dividend, declaring a regular quarterly dividend of 55 cents per share, payable Sept. 10 to shareholders of record Aug. 10.

"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."

aWe are pleased to continue PPG's tradition of returning cash to our shareholders,a said Charles E. Bunch, PPG chairman and chief executive officer. aThis 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.a

PPGa™s prior quarterly dividend was 54 cents a share.

This marks the companya™s 448^th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.

About PPG

PPG Industriesa™ vision is to continue to be the worlda™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 ].