Air Products & Chemicals, Inc. (NYSE:APD) Plans Quarterly Dividend of $1.16

Air Products & Chemicals, Inc. (NYSE:APD) declared a quarterly dividend on Tuesday, November 26th, RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 1.16 per share by the basic materials company on Monday, February 10th. This represents a $4.64 dividend on an annualized basis and a yield of 1.97%.

NYSE:APD opened at $236.04 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.32 and a current ratio of 2.54. The company has a fifty day moving average of $223.24 and a two-hundred day moving average of $221.35. The stock has a market capitalization of $51.73 billion, a PE ratio of 28.75, a P/E/G ratio of 2.01 and a beta of 0.84. Air Products & Chemicals has a fifty-two week low of $149.64 and a fifty-two week high of $241.90.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. Air Products & Chemicals had a return on equity of 15.88% and a net margin of 19.73%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 earnings per share. Research analysts forecast that Air Products & Chemicals will post 9.48 earnings per share for the current year.

A number of research firms have weighed in on APD. Wells Fargo & Co upped their price objective on shares of Air Products & Chemicals from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Deutsche Bank upped their target price on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 8th. They noted that the move was a valuation call. Barclays upped their target price on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup upped their target price on shares of Air Products & Chemicals from $260.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group dropped their target price on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $241.12.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Dividend History for Air Products & Chemicals (NYSE:APD)

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