32nd Consecutive Annual Increase Reflects Commitment to Return Value to Stockholders
March 20, 2014 Lehigh Valley, Pa.
The Board of Directors of Air Products (NYSE:APD) today increased the quarterly dividend on the company’s common stock to 77 cents per share from 71 cents, an increase of over eight percent. This marks the 32nd consecutive year that Air Products has increased its dividend payment.
The dividend is payable on May 12, 2014 to shareholders of record at the close of business on April 1, 2014.
About Air Products
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. Recognized as one of the world’s most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective 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 2013, Air Products had sales of $10.2 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, 2013.