The Board of Directors of Air Products have increased the quarterly dividend on the company’s common stock by 18 cents per share – from $1.16 to $1.34 per share.
The dividend is payable on 11th May (2020) to shareholders of record at the close of business on 1st April (2020)
Announced today, the dividend increase is the largest ever in Air Product’s history.
“The Board’s decision to increase the dividend by over 15% reflects continued confidence in Air Products’ strong financial position and cash flows,” said Seifi Ghasemi, Air Products’ Chairman, President and CEO.
“In fiscal 2019, we paid nearly $1bn of dividends to our shareholders while still having significant distributable cash flow for high return industrial gas investments.”
“We want to continue creating shareholder value through increasing dividends and strategic capital deployment.”
This marks the 38th consecutive year that Air Products has increased its dividend payment.
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