News Details

Owens-Illinois Declares Dividend on $2.375 Convertible Preferred Stock

July 23, 1998

TOLEDO, Ohio, July 23 /PRNewswire/ -- Owens-Illinois, Inc., (NYSE: OI) announced today that its board of directors has declared a dividend of $0.5608 for each share of the company's $2.375 Convertible Preferred Stock, payable August 17 to holders of record August 1. The dividend is for the period from May 20, when the Convertible Preferred Stock was issued, through August 15.

Owens-Illinois is the largest manufacturer of glass containers in North America, South America, Australia, New Zealand, and India, and the second- largest in Europe. O-I also is a worldwide manufacturer of plastics packaging with operations in North America, South America, Australia, Europe, and Asia. Plastics packaging products manufactured by O-I include containers, closures, prescription containers, labels, and multipack carriers for beverage bottles.
SOURCE Owens-Illinois, Inc.
Company News On-Call: http: //www.prnewswire.com or fax, 800-758-5804, ext. 117254
CONTACT: John Hoff of Owens-Illinois, 419-247-1203