The Board of Directors of Air Products has increased the quarterly dividend on the company's common stock to 38 cents per share from 34 cents. This represents an increase of 12 percent form last years payouts.

The dividend is payable on May 14, 2007 to shareholders of record at the close of business on April 2, 2007. This follows a good year in both growth and profits for the US based company and marks the 25th consecutive year that Air Products has increased its dividend payment.