Air Products raises dividend for 36th year in 2018
Dividend Aristocrat Air Products will raise its dividend by almost sixteen percent to $1.10 per share quarterly.
The dividend is payable on May 14, 2018 to shareholders of record at the close of business on April 2, 2018. The new dividend yield for Air Products is 2.2%.
Seifi Ghasemi, chairman, president and chief executive officer of Air Products, said, "The Board's decision to significantly increase the dividend reflects continued confidence in the financial strength of Air Products. Our annual dividend is now $4.40 per share, which equates to returning nearly $1 billion per year to our shareholders," he said.
Air Products (NYSE:APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.