Air Products (NYSE: APD) declared a quarterly dividend of $1.16 per share, or $4.64 annualized. This is a 5.5% increase from the prior dividend of $1.10.

The dividend will be payable on May 13, 2019, to stockholders of record on April 1, 2019, with an ex-dividend date of March 29, 2019.

The annual yield on the dividend is 3 percent.

Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi said, "Air Products is in a very strong financial position, and our business generates significant cash flow. This allows us to continue to invest capital into value-creating projects to profitably grow the company while also continuing to return cash to our shareholders. We are proud that our dividend is expected to return $1 billion in cash to our shareholders over the next year."

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