Air Products Increases Quarterly Dividend 12 Percent to $1.50 Per Share, the 39th Consecutive Year of Increases
On January 28, 2021, Air Products (NYSE: APD) announced a 12% increase in its quarterly dividend, raising it from $1.34 to $1.50 per share, effective May 10, 2021.
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Rhea-AI Summary
On January 28, 2021, Air Products (NYSE: APD) announced a 12% increase in its quarterly dividend, raising it from $1.34 to $1.50 per share, effective May 10, 2021. This marks the 39th consecutive year of dividend increases, signifying strong financial health. In fiscal 2020, the company returned approximately $1.1 billion to shareholders through dividends and maintained substantial cash flow for further investments. Shareholders of record by April 1, 2021, will benefit from this increment.
Positive
- 12% increase in quarterly dividend from $1.34 to $1.50 per share.
- 39 consecutive years of dividend increases.
- Returned $1.1 billion to shareholders in fiscal 2020.
- Strong cash flow enabling further high-return industrial gas investments.
Negative
- None.
Details
News Market Reaction – APD
The recorded move for APD in the trading session of this news was +2.18%.
Data tracked by StockTitan Argus. Session date unavailable.
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LEHIGH VALLEY, Pa., Jan. 28, 2021 /PRNewswire/ -- The Board of Directors of Air Products (NYSE: APD) has increased the quarterly dividend on the company's common stock by 16 cents per share—from
This marks the 39th consecutive year that Air Products has increased its dividend payment. The dividend is payable on May 10, 2021 to shareholders of record at the close of business on April 1, 2021.
Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi said, "We continue to operate from a position of significant financial strength and are excited about our tremendous opportunities to invest in strategic industrial gas projects around the world. At the same time, we remain committed to creating shareholder value through increasing dividends, underpinned by our strong cash flows. In fiscal 2020, we were proud to return about
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.
The Company had fiscal 2020 sales of
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SOURCE Air Products
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