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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)
02/12/201617:26:32Statement of Changes in Beneficial Ownership (4)
02/12/201608:50:57Amended Statement of Ownership (sc 13g/a)
02/11/201614:24:45Additional Proxy Soliciting Materials (definitive) (defa14a)
02/10/201610:03:35Amended Statement of Ownership (sc 13g/a)
02/09/201613:39:36Statement of Ownership (sc 13g)
02/05/201617:01:31Proxy Statement (definitive) (def 14a)
02/05/201612:55:29Statement of Changes in Beneficial Ownership (4)
01/29/201612:15:40Amended Statement of Ownership (sc 13g/a)
01/29/201612:11:10Amended Statement of Ownership (sc 13g/a)
01/28/201607:39:08Current Report Filing (8-k)
01/28/201607:30:00Airgas Reports Fiscal 2016 Third Quarter Earnings
01/26/201616:47:32Current Report Filing (8-k)
01/26/201616:05:00Airgas Declares Regular Dividend for Third Quarter FY2016
01/26/201608:41:52Additional Proxy Soliciting Materials (definitive) (defa14a)
01/26/201608:30:00Update: Air Liquide’s Acquisition of Airgas on Track
01/22/201617:30:11Proxy Statement - Merger or Acquistion (definitive) (defm14a)
01/19/201607:30:00Airgas to Exhibit at the International Production and Processing...
01/12/201611:18:00Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit...
01/12/201608:47:55Niche Markets For Conversion of Liquid Gas to Eco-Friendly Hydrogen...
01/08/201616:59:23Proxy Soliciting Materials (revised) (prer14a)

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