Thursday,
January 26th the Board of Directors of Air Products and Chemicals,
Inc. (APD) announced
a quarterly dividend increase of from $1.62 to $1.75 per share that’s
payable May 8, 2023 to holders of record April 3, 2023. This
represents an 8.02% increase over the last quarterly dividend. This
marks the 41st consecutive year that Air Products has increased its
dividend payment.
Air
Products Chairman, President and Chief Executive Officer Seifi
Ghasemi said, “This latest increase in the dividend demonstrates
our continued commitment to reward shareholders while executing
against our two-pillar growth strategy. We are uniquely positioned to
deliver essential industrial gases and expertise to customers in
dozens of industries while developing and executing world-scale
hydrogen megaprojects to drive the energy transition and move
humanity forward. In 2023, we expect to pay out more than $1.5
billion to our shareholders, a further testament to the continued
strength and stability of our business in a challenging macroeconomic
environment.”