Air Products and Chemicals, Inc. (NYSE:APD) announced a quarterly dividend on Thursday, July 20th, RTT News reports. Investors of record on Tuesday, October 10th will be given a dividend of 0.95 per share by the basic materials company on Monday, November 13th. This represents a $3.80 annualized dividend and a yield of 2.60%.

Air Products and Chemicals has raised its dividend by an average of 7.0% per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Air Products and Chemicals has a payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Air Products and Chemicals to earn $6.73 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 56.5%.

Air Products and Chemicals (NYSE APD) traded down 0.10% during midday trading on Thursday, reaching $146.07. 1,012,436 shares of the company traded hands. The firm has a 50-day moving average of $144.48 and a 200-day moving average of $141.79. Air Products and Chemicals has a 1-year low of $129.00 and a 1-year high of $150.45. The stock has a market capitalization of $31.80 billion, a P/E ratio of 10.10 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.84 billion. Air Products and Chemicals had a return on equity of 19.26% and a net margin of 36.19%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. On average, analysts predict that Air Products and Chemicals will post $6.16 earnings per share for the current year.

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A number of research firms have weighed in on APD. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 14th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and a consensus target price of $152.85.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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