PPG Directors Raise Dividend

    PITTSBURGH--July 18, 2002--The board of directors of PPG Industries today raised the quarterly dividend on the company's common stock to 43 cents from 42 cents a share, payable Sept. 12 to shareholders of record Aug. 12.
    PPG's dividend was last increased, by 2 cents, with the March 2001 payment. With this increase, PPG has increased shareholder payments every year since 1972. PPG has paid dividends without interruption since 1899.
    "This dividend increase reflects our ability to generate cash, even in a difficult environment, while continuing to fund our business needs and reduce debt," said Raymond W. LeBoeuf, chairman and chief executive officer.