Air Products (NYSE: APD) declared a quarterly dividend of $0.95 per share, or $3.8 annualized. This is a 10.5% increase from the prior dividend of $0.86.

The dividend will be payable on May 8, 2017, to stockholders of record on April 3, 2017, with an ex-dividend date of March 30, 2017.

The annual yield on the dividend is 2.6 percent.

Seifi Ghasemi, chairman, president and chief executive officer of Air Products, said, "The Board's decision to significantly increase the dividend reflects continued confidence in the financial strength of Air Products, including our strong cash flow. Underpinned by our A credit rating and capability to strategically deploy capital following the separation of our Materials Technologies businesses, we remain confident in the tremendous growth opportunities to invest in our core industrial gases business."

For a dividend history and other dividend-related data on Air Products (APD) click here.