Airgas Increases First Quarter Dividend by 9%
April 07 2015 - 4:05PM
Business Wire
Airgas, Inc. (NYSE: ARG), one of the nation’s leading suppliers
of industrial, medical, and specialty gases, and related products,
today announced that its Board of Directors has increased the
quarterly cash dividend on the Company’s common stock by 9%, from
$0.55 per share to $0.60 per share. The dividend will be payable on
June 30, 2015 to shareholders of record as of June 15, 2015.
“Our strong cash flow and liquidity position allow us to
increase dividends and execute our strategic plans. We’ve grown our
dividend at a compounded annual rate of 27% since its inception in
fiscal 2004 through fiscal 2015,” said Airgas Executive Chairman
Peter McCausland. “This announced dividend action reflects our
confidence in the strength of the Airgas organization and the long
term fundamentals of our business.”
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of
the nation’s leading suppliers of industrial, medical and specialty
gases, and hardgoods, such as welding equipment and related
products. Airgas is a leading U.S. producer of atmospheric gases
with 16 air separation plants, a leading producer of carbon
dioxide, dry ice, and nitrous oxide, one of the largest U.S.
suppliers of safety products, and a leading U.S. supplier of
refrigerants, ammonia products, and process chemicals. More than
16,000 associates work in approximately 1,100 locations, including
branches, retail stores, gas fill plants, specialty gas labs,
production facilities and distribution centers. Airgas also markets
its products and services through e-Business, catalog and telesales
channels. Its national scale and strong local presence offer a
competitive edge to its diversified customer base. For more
information, please visit www.airgas.com.
Airgas, Inc.Investor Contact:Joseph
Marczely, 610-263-8277joseph.marczely@airgas.comorMedia Contact:Sarah Boxler,
610-263-8260sarah.boxler@airgas.com
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