The Board of Directors at Air Products has increased the quarterly dividend on the company’s common stock to $1.16 per share from $1.10, an increase of more than 5%.

The dividend is payable on 13th May (2019) to shareholders of record at the close of business on 1st April (2019). This marks the 37th consecutive year Air Products has increased its dividend payment.

“Air Products is in a very strong financial position, and our business generates significant cash flow,” said Air Products Chairman, President and CEO, Seifi Ghasemi.

“This allows us to continue to invest capital into value-creating projects to profitably grow the company while are continuing to return cash to our shareholders. We are proud that our dividend is expected to return $1bn in cash to our shareholders over the next year,” Ghasemi concluded.