Wednesday, March 31, 2021

Recent Buy - Air Products and Chemicals, Inc. (APD)


Monday, March 29th, I bought 10 shares of Air Products and Chemicals, Inc. (APD) at $ 284.82 per share plus commission.


Air Products touches the lives of consumers around the globe in positive ways every day. Focused on serving energy, environment and emerging markets, we provide essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. We are also the global leader in the supply of liquefied natural gas process technology and equipment. Air Products develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals.

Looking into the future, Air Products sees significant opportunities in gasification, carbon capture and hydrogen for energy to help solve the world’s urgent sustainability challenges. Gasification enables an environmentally friendly way to use plentiful, lower value feedstocks. We see significant opportunities to capture the concentrated CO2 stream from gasifiers and hydrogen plants. Air Products is a leader in hydrogen fueling systems and infrastructure, and the company sees great potential in the years ahead to extend its leadership.

Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania.



APD is a Dividend Champions with a 39 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 13.1, 11.8, 10.1 and 10.4 (Dividend Champions.xls)



Air Products now pays dividends of $ 1.50 per share normally in February, May, August and November.



Details of my purchase:




Some ratings for APD:


    Yahoo: Mean Recommendation 2.3, 1y Target Est $ 302.64


    Reuters: Mean Rating 2.31



At today's exchange rate, that purchase 10 shares of APD will increase € 38.12 ($ 44.70) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 16,340.00. With purchase price $ 284.82 plus commission ($ 5.89) my starting yield on cost is 2.10%. After this acquisition, APD’s weight of my portfolio is about 0.38% and its share of future annual dividend income is approximately 0.23%.


Click here to see my portfolio.


Full Disclosure: Long APD


Thanks for stopping by!


1 comment:

  1. Nice solid buy...we have APD on our watch list. Can't go wrong with a company with a current streak of 39 consecutive years of dividend increases! AFFJ