The Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the Company’s common stock to $1.77 per share. This marks the 42nd consecutive year the Company has increased its dividend payment.
The dividend is payable on May 13, 2024 to shareholders of record at the close of business on April 1, 2024.
Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi said, “We remain committed to striking the right balance of returning cash to our shareholders and investing in our growth opportunities. We expect to return approximately $1.6 billion to our shareholders in 2024, extending our track record of more than 40 years of increasing the dividend, while continuing to execute high-return industrial gas and clean hydrogen projects that advance sustainability and the energy transition. This balanced approach to capital allocation will allow us to meet our capital needs while maintaining our A/A2 ratings.”Air Products