Air Products & Chemicals, Inc. (NYSE:APD) declared a quarterly dividend on Thursday, July 19th, RTT News reports. Stockholders of record on Monday, October 1st will be paid a dividend of 1.10 per share by the basic materials company on Monday, November 12th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, September 28th.

Air Products & Chemicals has raised its dividend by an average of 7.1% per year over the last three years and has raised its dividend annually for the last 35 consecutive years. Air Products & Chemicals has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Air Products & Chemicals to earn $8.16 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 53.9%.

Shares of APD opened at $170.61 on Friday. Air Products & Chemicals has a 1 year low of $149.94 and a 1 year high of $175.17. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $37.41 billion, a PE ratio of 27.04, a P/E/G ratio of 1.42 and a beta of 1.06.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.11. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm posted $1.65 EPS. Air Products & Chemicals’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts expect that Air Products & Chemicals will post 7.45 earnings per share for the current year.

A number of research firms recently weighed in on APD. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Wednesday, June 27th. Citigroup raised their price target on Air Products & Chemicals from $198.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. dropped their price target on Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Finally, Credit Suisse Group raised their price target on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $185.69.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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