Air Products & Chemicals, Inc. (NYSE:APD) declared a quarterly dividend on Thursday, July 19th, RTT News reports. Investors of record on Monday, October 1st will be paid a dividend of 1.10 per share by the basic materials company on Monday, November 12th. This represents a $4.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, September 28th.
Air Products & Chemicals has raised its dividend by an average of 7.1% annually over the last three years and has increased its dividend annually for the last 35 consecutive years. Air Products & Chemicals has a dividend payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Air Products & Chemicals to earn $8.16 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 53.9%.
Shares of APD opened at $167.80 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 2.24. Air Products & Chemicals has a 52-week low of $150.10 and a 52-week high of $175.17. The company has a market capitalization of $37.02 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.11. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the firm earned $1.65 EPS. Air Products & Chemicals’s quarterly revenue was up 6.5% compared to the same quarter last year. equities analysts forecast that Air Products & Chemicals will post 7.45 EPS for the current year.
APD has been the subject of several research analyst reports. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price objective for the company in a research report on Wednesday, June 27th. Credit Suisse Group boosted their price objective on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. JPMorgan Chase & Co. decreased their price objective on Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Finally, Susquehanna Bancshares boosted their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Air Products & Chemicals currently has an average rating of “Buy” and an average price target of $186.65.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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