Air Products (NYSE: APD) declared a quarterly dividend of $1.34 per share, or $5.36 annualized. This is a 15.5% increase from the prior dividend of $1.16.

The dividend will be payable on May 11, 2020, to stockholders of record on April 1, 2020, with an ex-dividend date of March 31, 2020.

The annual yield on the dividend is 2.3 percent.

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."

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