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PPG Directors Raise Dividend

21 January 2000

PPG Directors Raise Dividend

    PITTSBURGH--Jan. 20, 2000--The board of directors of PPG Industries today increased the quarterly dividend to 40 cents a share from 38 cents, payable March 10 to shareholders of record Feb. 22.
    PPG's dividend was last raised, by two cents, with the March 1999 payment. With this increase, 2000 becomes the 30th consecutive year for increased dividend payments by PPG, which has paid dividends without interruption since 1899.
    "The improving global business environment and our moves to strengthen PPG's business portfolio should add to the company's performance this year," said Raymond W. LeBoeuf, board chairman and chief executive officer. "As has been our long-time practice, we will use PPG's strong cash flow to increase dividends, fund share buy-backs and manage debt, as appropriate, when that cash is not needed for significant acquisitions or internal investment opportunities."
    PPG has spent about $2 billion on nearly 20 acquisitions since early 1997. The two largest in the company's history, at a total cost of $1.2 billion, were completed last summer.

Internet: www.ppg.com