Praxair Increases Quarterly Dividend 20% in First Quarter 2007
January 23, 2007
DANBURY, Conn., January 23, 2007 — The board of directors of Praxair, Inc. (NYSE: PX) has declared a quarterly dividend of 30 cents per share, an increase of 20% over the previous quarter. The dividend is payable on March 15, 2007 to shareholders of record on March 7, 2007.
"This increase demonstrates our confidence in Praxair's ability to deliver strong financial performance as it executes already contracted new projects around the world over the next several years," said Dennis H. Reilley, chairman.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2005 sales of $7.7 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.