Air Products hikes dividend by 8%

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On January 26, 2023, Dividend Aristocrat Air Products and Chemicals, Inc. (APD) declared a new quarterly dividend rate of $0.75 per share, up 8% from the previous quarterly dividend. This matches the 2022 dividend hike of 8% by APD and also marks 41 consecutive years of dividend growth. The dividend yield is 2.2% at a stock price of $313.

Air Products and Chemicals, Inc. is a manufacturer of atmospheric gases, process and specialty gases, equipment, and services. The company is a supplier of hydrogen, helium and liquefied natural gas process technology and equipment. The company also develops, engineers, builds, owns and operates industrial gas projects, including gasification projects. Air Products provides industrial gases and related equipment to many industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is a Delaware corporation originally founded in 1940.

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