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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)
07/29/201509:20:00Chemicals - Major Diversified Stocks Review -- Eastman Chemical...
07/28/201507:36:23Current Report Filing (8-k)
07/28/201507:30:00Airgas Reports Fiscal 2016 First Quarter Earnings
07/24/201517:10:59Statement of Changes in Beneficial Ownership (4)
07/24/201514:33:57Current Report Filing (8-k)
07/21/201516:30:00Airgas Announces Acquisition of Weldinghouse, Inc. and the Nitrogen...
07/10/201507:48:41Amended Statement of Ownership (sc 13g/a)
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:51:42Statement of Changes in Beneficial Ownership (4)
07/02/201513:50:19Statement of Changes in Beneficial Ownership (4)
07/01/201510:47:16Proxy Statement (definitive) (def 14a)
06/30/201517:35:04Statement of Changes in Beneficial Ownership (4)
06/19/201510:33:21Annual Report of Employee Stock Plans (11-k)
06/18/201518:12:01Statement of Changes in Beneficial Ownership (4)
06/17/201511:00:00Airgas Announces First Quarter Earnings Release Schedule
06/17/201509:33:58Amended Statement of Ownership (sc 13g/a)
06/12/201508:50:38Statement of Changes in Beneficial Ownership (4)
06/05/201511:00:00Airgas Names National Branch of the Year Winners for 2015
06/04/201517:14:15Statement of Changes in Beneficial Ownership (4)

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