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| Lehigh Valley, Pennsylvania

Air Products Declares 15-Cent Dividend Increase, the Largest in Company’s History

Quarterly Dividend Increased by 16 Percent to $1.10

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The Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the company’s common stock to $1.10 per share from 95 cents, representing a 16 percent increase. 

The dividend is payable on May 14, 2018 to shareholders of record at the close of business on April 2, 2018.

Seifi Ghasemi, chairman, president and chief executive officer of Air Products, said, “The Board’s decision to significantly increase the dividend reflects continued confidence in the financial strength of Air Products. Our annual dividend is now $4.40 per share, which equates to returning nearly $1 billion per year to our shareholders,” he said.

This marks the 36th consecutive year that Air Products has increased its dividend payment.

About Air Products