Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 1.79 per share by the basic materials company on Monday, May 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, April 1st. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.77.
Air Products and Chemicals has decreased its dividend by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 35 consecutive years. Air Products and Chemicals has a payout ratio of 50.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Air Products and Chemicals to earn $14.04 per share next year, which means the company should continue to be able to cover its $7.08 annual dividend with an expected future payout ratio of 50.4%.
Air Products and Chemicals Stock Up 2.1 %
Air Products and Chemicals stock opened at $323.65 on Friday. The company has a 50-day simple moving average of $309.74 and a 200-day simple moving average of $295.76. Air Products and Chemicals has a one year low of $212.24 and a one year high of $337.00. The firm has a market capitalization of $71.97 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.
Analysts Set New Price Targets
About Air Products and Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
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