June 28, 2018 - 7:20 AM EDT
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Ex-Dividend Alert: Air Products and Chemicals Has Increased its Dividend for 35 Consecutive Years; Will Trade Ex-Dividend on June 29, 2018

LONDON, UK / ACCESSWIRE / June 28, 2018 / Active-Investors has a free review on Air Products and Chemicals, Inc. (NYSE: APD) following the Company's announcement that it will begin trading ex-dividend on June 29, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 28, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on APD:

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Dividend Declared

On May 16, 2018, Air Products' Board of Directors declared a quarterly dividend of $1.10 per share of common stock. The dividend is payable on August 13, 2018, to shareholders of record at the close of business on July 02, 2018.

Air Products' indicated dividend represents a yield of 2.82%, which is substantially higher than the average dividend yield of 2.24% for the Basic Materials sector. The Company has increased its dividend for thirty-five consecutive years.

Dividend Insights

Air Products has a dividend payout ratio of 59.7%, which means that the Company spends approximately $0.60 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts' estimates, Air Products is forecasted to report earnings of $8.18 per share for the next year, which is substantially higher than the Company's annualized dividend payout of $4.40 per share.

As of March 31, 2018, Air Products' cash and cash items totaled $3.07 billion compared to $3.27 billion as on September 30, 2017. For the six months ended March 31, 2018, the Company's net cash provided by operating activities was $1.11 billion compared to $861.2 million for the year ago corresponding period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Air Products

On June 22, 2018, Air Products announced that effective July 01, 2018, or as contracts permit, the Company will increase product pricing and surcharges for merchant customers in North America. The pricing adjustments include increases of, up to 20% for liquid and bulk helium, up to 15% for liquid argon, and microbulk, and up to 10% for liquid and bulk hydrogen.

Air Products stated that these adjustments are in response to the cost impact associated with the continued low operating rates in the steel market, increasing operational costs and delivery costs associated with specific regional supply and demand imbalances.

About Air Products and Chemicals, Inc.

Air Products is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.

The Company had fiscal 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion.

Stock Performance Snapshot

June 27, 2018 - At Wednesday's closing bell, Air Products and Chemicals' stock was slightly down 0.45%, ending the trading session at $155.16.

Volume traded for the day: 793.07 thousand shares.

Stock performance in the past twelve-month period – up 7.88%

After yesterday's close, Air Products and Chemicals' market cap was at $34.04 billion.

Price to Earnings (P/E) ratio was at 25.92.

The stock has a dividend yield of 2.84%.

The stock is part of the Basic Materials sector, categorized under the Chemicals - Major Diversified industry. This sector was up 0.4% at the end of the session.

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Source: ACCESSWIRE Investor Awareness (June 28, 2018 - 7:20 AM EDT)

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