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Air Products Raises Quarterly Dividend 18%

DOW JONES NEWSWIRES Air Products & Chemicals Inc. (APD) board raised the industrial-gas maker's quarterly dividend 18%, while the company touted its $350 million in share repurchases since the end of the year. The popularity of dividends has increased alongside share buybacks as companies seek ways to appeal to investors and utilize cash stockpiles now that they don't need to clutch cash as tightly in an improving economy with easier credit. Air Products moved the dividend to 58 cents from 49, with the increase costing roughly $19 million each quarter. The $350 million in repurchases represents roughly 2% of the company's current market value, based on the company's number of shares outstanding on Jan. 18 listed in a filing. Air Products, which been tied up in court proceedings over its hostile bid for rival Airgas Inc. (ARG) recently, reported its fiscal first-quarter profit rose on better-than-expected revenue gains despite charges from the Airgas offer. Shares were up 2.3% at $86.09 in recent trading. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Air Products (APD)
DateTimeHeadline
07/21/201610:27:00Air Products Declares Quarterly Dividend
07/19/201609:58:00Air Products Invests in New Capacity to Support Pukou Economic...
07/15/201608:40:00Technical Recap on Chemicals - Major Diversified Stocks - Praxair...
07/07/201613:15:00Air Products Cuts Ribbon on New World-Scale Hydrogen Plant in...
07/05/201612:46:37Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:46:08Statement of Changes in Beneficial Ownership (4)
07/05/201612:45:41Statement of Changes in Beneficial Ownership (4)
06/30/201611:00:00Air Products to Broadcast Fiscal Third Quarter Earnings Teleconference...
06/28/201614:16:50Current Report Filing (8-k)
06/28/201611:30:00Air Products' Spin-Off Company Versum Materials Headquarters...
06/27/201609:00:00Air Products' Second Integrated Oxy-fuel Solution for Techpack...
06/20/201609:48:00Air Products Awarded Contract with Vizient for Medical Gases
06/16/201607:45:00Why Investors Love These Major Diversified Chemicals' Stocks?...
06/13/201610:06:00Air Products Offers Free Webinar to Help Processors Conquer Particle...
06/03/201611:30:00Air Products' CEO and Materials Technologies VP to Speak at Deutsche...

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