The Board of Directors of Air Products today increased the quarterly dividend on the company’s common stock to 71 cents per share from 64 cents, an increase of almost 11%.

The dividend is payable on the 13th of May to shareholders of record at the close of business on the 1st of April. This marks the 31st consecutive year that Air Products has increased its dividend payment.

Air Products provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10bn.