LEHIGH VALLEY, Pa., March 15, 2012 /PRNewswire/ -- The Board of Directors of Air Products ( NYSE:APD) today increased the quarterly dividend on the company's common stock to 64 cents per share from 58 cents, representing an increase of over 10 percent.
The dividend is payable on May 14, 2012 to shareholders of record at the close of business on April 2, 2012. This marks the 30th consecutive year that Air Products has increased its dividend payment.
Air Products ( NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2011.
SOURCE Air Products