Air Products and Chemicals, Inc. (APD) to Issue Quarterly Dividend of $1.77 on November 12th

Air Products and Chemicals, Inc. (NYSE:APD) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Investors of record on Tuesday, October 1st will be given a dividend of 1.77 per share by the basic materials company on Tuesday, November 12th. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, October 1st.

Air Products and Chemicals has raised its dividend payment by an average of 9.3% annually over the last three years and has increased its dividend every year for the last 49 years. Air Products and Chemicals has a payout ratio of 52.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Air Products and Chemicals to earn $13.36 per share next year, which means the company should continue to be able to cover its $7.08 annual dividend with an expected future payout ratio of 53.0%.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $300.36 on Friday. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $302.03. The company’s 50 day moving average price is $277.35 and its two-hundred day moving average price is $261.49. The firm has a market cap of $66.77 billion, a PE ratio of 27.11, a PEG ratio of 3.89 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Equities research analysts predict that Air Products and Chemicals will post 12.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APD shares. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company boosted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, Morgan Stanley upped their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $296.50.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.