WILMINGTON, N.C.--(BUSINESS WIRE)--PPD, Inc. (Nasdaq: PPDI) today announced that its board of directors has amended the company’s annual cash dividend policy to increase the annual dividend rate by 25 percent, from $0.40 to $0.50 per year, payable quarterly at a rate of $0.125 per share. PPD expects the new dividend rate will be effective beginning in the fourth quarter of 2008.
