The dividend will be payable on 31st December 2008 to shareholders on record as of 15th December 2008.
Airgas Chairman and Chief Executive Officer, Peter McCausland commented, “We continue to return value to shareholders in appropriate ways, one of which is dividend growth commensurate with earnings.”
He continued, “Given our confidence in our operating performance and cash flow, this dividend increase is a good way to support our shareholders in a difficult market environment.”
This announcement follows a recent report of record earnings and strong growth in sales and operating income for its second quarter. With more than 14,000 employees in over 1,100 locations and a recent acquisition of Refron, Airgas continues to perform well in a fluctuating economic climate.