Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 1.81 per share by the basic materials company on Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 1.1% increase from Air Products and Chemicals’s previous quarterly dividend of $1.79.
Air Products and Chemicals has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 43 consecutive years. Air Products and Chemicals has a payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Air Products and Chemicals to earn $13.86 per share next year, which means the company should continue to be able to cover its $7.24 annual dividend with an expected future payout ratio of 52.2%.
Air Products and Chemicals Stock Up 0.1%
APD stock opened at $292.39 on Monday. The company has a market cap of $65.10 billion, a price-to-earnings ratio of -193.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. The company has a fifty day moving average price of $278.00 and a 200 day moving average price of $265.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.46 and a quick ratio of 1.23. Air Products and Chemicals has a 12 month low of $229.11 and a 12 month high of $301.11.
Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.
The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.
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