Air Products & Chemicals, Inc. (NYSE:APD) Plans Quarterly Dividend of $1.34

Air Products & Chemicals, Inc. (NYSE:APD) announced a quarterly dividend on Thursday, May 21st, RTT News reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 1.34 per share by the basic materials company on Monday, August 10th. This represents a $5.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, June 30th.

Air Products & Chemicals has increased its dividend by an average of 553.5% per year over the last three years and has raised its dividend every year for the last 37 years. Air Products & Chemicals has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Air Products & Chemicals to earn $9.85 per share next year, which means the company should continue to be able to cover its $5.36 annual dividend with an expected future payout ratio of 54.4%.

Shares of Air Products & Chemicals stock opened at $236.02 on Monday. Air Products & Chemicals has a fifty-two week low of $167.43 and a fifty-two week high of $257.01. The firm has a market cap of $52.13 billion, a PE ratio of 26.94, a P/E/G ratio of 3.14 and a beta of 0.87. The business’s fifty day moving average is $237.22 and its two-hundred day moving average is $228.99. The company has a quick ratio of 2.37, a current ratio of 2.59 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Air Products & Chemicals had a return on equity of 16.36% and a net margin of 21.66%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. Equities research analysts anticipate that Air Products & Chemicals will post 8.48 EPS for the current year.

APD has been the subject of a number of research analyst reports. Atlantic Securities upgraded Air Products & Chemicals to a “buy” rating in a report on Monday, March 16th. Zacks Investment Research downgraded Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Monday, April 27th. BMO Capital Markets lowered their price target on Air Products & Chemicals from $275.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Citigroup increased their price target on Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, UBS Group lowered their price target on Air Products & Chemicals from $238.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. Air Products & Chemicals presently has a consensus rating of “Buy” and a consensus target price of $246.78.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Dividend History for Air Products & Chemicals (NYSE:APD)

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