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| Lehigh Valley, PA

Air Products Declares 18-Cent Dividend Increase, the Largest in the Company’s History

Quarterly Dividend Increased from $1.16 to $1.34, Marking 38th Consecutive Year of Increases

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The Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the company’s common stock by 18 cents per share—from $1.16 to $1.34 per share—representing the largest dividend increase in the company’s history.

The dividend is payable on May 11, 2020 to shareholders of record at the close of business on April 1, 2020. 

Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi said, “The Board’s decision to increase the dividend by over 15 percent reflects continued confidence in Air Products’ strong financial position and cash flows. In fiscal 2019, we paid nearly $1 billion dollars of dividends to our shareholders while still having significant distributable cash flow for high return industrial gas investments. We want to continue creating shareholder value through increasing dividends and strategic capital deployment.”  

This marks the 38th consecutive year that Air Products has increased its dividend payment.

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