Air Products and Chemicals to announce dividend increase

What's Happening With APD View more about APD >

Air Products and Chemicals (APD) has a 33-year streak of dividend increases, and is likely to extend that streak this week. APD currently pays a quarterly dividend of $0.81 for a yield of 2.4%. The stock is up 7.6% on the year.

Technical Analysis

APD was recently trading at $139.94, down $15.85 from its 12-month high and $25.30 above its 12-month low. Technical indicators for APD are bullish and the stock is in a strong upward trend. The stock has recent support above $133.00 and is trading above recent resistance. Of the 11 analysts who cover the stock, five rate it a “strong buy”, one rates it a “buy”, and five rate it a “hold”. The stock receives S&P Capital IQ’s 3 STARS “Hold” ranking.

Analysts' Thoughts

With a payout ratio of just 43.7%, the company can easily afford to extend its impressive streak of dividend increases this week. The stock has an attractive valuation, with a P/E of 23.2, and analysts forecast earnings growth of 12.8% this year, and 9.4% next year, so the stock should continue to build on its recent momentum. Look for the company to boost its quarterly dividend from $0.81 to around $0.85 per share, marking a 5.0% increase. This increase would basically in-line with last year’s increase. Expect the news to come this week, with the stock trading ex-dividend at the end of the month.

APD
About Air Products and Chemicals Inc.

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $8.9 billion in revenue in fiscal 2018.

  • Last Price:
    $221.57
  • Previous Close:
    $215.24
  • Change:
    $6.33 (2.94%)
  • Open:
    $216.87
  • Volume:
    994,573
  • Average Volume (100 Day):
    1,112,305
  • Market Capitalization:
    $48.8 B
  • Day's Range:
    $215.46 - $222.51
  • Dividend Yield:
    2.16%
  • 52-week Range:
    $232 - $148.44
  • P-E:
    27.90
  • EPS:
    $7.72
  • Earnings Date:
    11/5/19
  • Ex Dividend Date:
    9/30/19
  • Sector:
    Basic Materials
  • Industry:
    Chemicals
  • Analyst Average Recommendation:
    Moderate Buy

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