Air Products and Chemicals Increases Quarterly Dividend $APD

• Air Products and Chemicals (NYSE:APD) declares $1.16/share quarterly dividend, 5.5% increase from prior dividend of $1.10.
• Forward yield 2.97%
• Payable May 13; for shareholders of record April 1; ex-div March 29.

For the 37th consecutive year, the Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the company’s common stock, reflecting continued confidence in Air Products’ financial strength, significant cash flows and growth outlook.

Representing a more than five percent increase, from $1.10 to $1.16 per share, the dividend is payable on May 13, 2019 to shareholders of record at the close of business on April 1, 2019.

Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi said, “Air Products is in a very strong financial position, and our business generates significant cash flow. This allows us to continue to invest capital into value-creating projects to profitably grow the company while also continuing to return cash to our shareholders. We are proud that our dividend is expected to return $1 billion in cash to our shareholders over the next year.”

For more information, visit www.airproducts.com

According to the list of U.S. Dividend Champions, Air Products and Chemicals is a Dividend Champions. APD has a 36-year dividend raising streak.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
9.4	7.1	8.2	9.6

Dividend Yield Chart:

Air Products & Chemicals Inc stock dividend yield is close to 5-year high.

Payout Ratio:

This is the historical payout ratio of Air Products & Chemicals Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.