DANBURY, Conn., January 28, 2009 — The board of directors of Praxair, Inc. (NYSE:PX) has increased Praxair's quarterly dividend to 40 cents per share from 37.5 cents per share. The dividend is payable on March 16, 2009 to shareholders of record on March 6, 2009.
"This action reflects the board’s confidence in Praxair’s ability to continue to deliver strong cash flow despite the challenging outlook ahead of us," said Steve Angel, chairman and chief executive officer.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2008 sales of $10.8 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.