Air Products & Chemicals Inc. (APD) Announces Quarterly Dividend of $0.71
Air Products & Chemicals (NYSE:APD) declared a quarterly dividend on Thursday, September 19th, StockRatingsNetwork reports. Investors of record on Tuesday, October 1st will be given a dividend of $0.71 per share on Tuesday, November 12th. This represents a $2.84 dividend on an annualized basis and a yield of 2.60%.
A number of research firms have recently commented on APD. Analysts at Atlantic Securities upgraded shares of Air Products & Chemicals (NYSE:APD) from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. On a related note, analysts at BGC Financial upgraded shares of Air Products & Chemicals (NYSE:APD) from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 9th. They now have a $100.00 price target on the stock, up previously from $94.00. Finally, analysts at Credit Suisse raised their price target on shares of Air Products & Chemicals (NYSE:APD) from $101.00 to $108.00 in a research note to investors on Wednesday, August 14th. They now have a “neutral” rating on the stock.
Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $103.13.
Shares of Air Products & Chemicals (NYSE:APD) traded up 0.59% on Thursday, hitting $110.02. The stock had a trading volume of 1,105,215 shares. Air Products & Chemicals has a one year low of $76.78 and a one year high of $111.00. The stock’s 50-day moving average is $104.6 and its 200-day moving average is $94.95. The company has a market cap of $23.065 billion and a price-to-earnings ratio of 23.34.
Air Products & Chemicals (NYSE:APD) last released its earnings data on Tuesday, July 23rd. The company reported $1.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Air Products & Chemicals will post $5.50 EPS for the current fiscal year.
Air Products and Chemicals, Inc has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.