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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;

Stock News for Airgas (ARG)
10/01/201519:00:54Statement of Changes in Beneficial Ownership (4)
10/01/201519:00:23Statement of Changes in Beneficial Ownership (4)
10/01/201519:00:23Statement of Changes in Beneficial Ownership (4)
10/01/201518:59:57Statement of Changes in Beneficial Ownership (4)
09/17/201510:32:41Statement of Changes in Beneficial Ownership (4)
09/16/201511:00:00Airgas Announces Second Quarter Earnings Release Schedule
08/27/201518:04:01Statement of Changes in Beneficial Ownership (4)
08/20/201518:36:51Amended Statement of Changes in Beneficial Ownership (4/a)
08/20/201513:57:34Statement of Changes in Beneficial Ownership (4)
08/17/201516:38:35Statement of Changes in Beneficial Ownership (4)
08/14/201511:32:40Initial Statement of Beneficial Ownership (3)
08/14/201511:30:30Initial Statement of Beneficial Ownership (3)
08/13/201516:20:10Current Report Filing (8-k)
08/13/201516:05:00Airgas Announces Redemption of 3.25% Notes Due October 2015
08/11/201516:15:00Airgas Names Joseph P. Sullivan President – Airgas Specialty P...
08/11/201511:19:21Current Report Filing (8-k)
08/10/201516:30:00Airgas Awarded with Top Three Supplier Awards by Eastman Chemical...
08/07/201515:09:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/07/201515:07:52Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/07/201511:00:00Airgas Names Nicole L. Kahny Senior Vice President – Human R...

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