PPD, Inc. Increases Cash Dividend Rate for Fourth Consecutive Year; Declares Second Quarter Dividend

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 20 percent, from $0.50 to $0.60 per year, payable quarterly at a rate of $0.15 per share. The board of directors also declared a cash dividend for the second quarter of 2009 based on the new dividend rate. The record date for the second quarter dividend is June 15, 2009, and the payment date is June 29, 2009.