Praxair Increases Dividend in First Quarter 2011
January 26, 2011
DANBURY, Conn., January 26, 2011 — The board of directors of Praxair, Inc. (NYSE: PX) has declared a quarterly dividend of 50 cents per share, an 11% increase from 45 cents per share in the previous quarter. The dividend is payable on March 15, 2011 to shareholders of record on March 7, 2011. This is the 18th consecutive annual dividend increase for Praxair.
“This increase reflects the board’s confidence in Praxair’s continuing ability to generate profitable growth in the global marketplace and through the economic cycles,” said Chairman and CEO Steve Angel.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2010 sales of $10 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. More information on Praxair is available on the Internet at www.praxair.com.