Dividend Aristocrat Overview: Air Products

Air Products manufactures chemicals used in the petroleum industry, among others.
Photo: flickr.com/ljmacphee

About Air Products

Air Products supplies gases and specialty chemicals to a variety of industries, including the petrochemical industry, food and beverage industry, and pharmaceutical industry.

The company is a member of the S&P 500 index and is traded under the ticker symbol APD.  Air Products has been a Dividend Aristocrat since 2007.

Air Products’ Dividend and Stock Split History

Air Products has increased its annual dividends since 1982.  The company usually announces annual dividend increases in January, with the stock going ex-dividend in March.

Air Products has compounded their payout at an average rate of 8.2% over the last 5 years and 9.6% over the last 10 years.

Air Products has split their stock 2 for 1 six times: in May 1966, May 1973, July 1976, June 1986, March 1992, and June 1998.

Direct Purchase and Dividend Reinvestment Plans

Air Products has both direct stock purchase and dividend reinvestment plans.  Both plans have fees that are charged to the investor.  The minimum initial purchase is $500 and for additional purchases the minimum is $100. For direct stock purchases, there is a $2.50 charge per purchase.  For dividend reinvestment purchases, the fee is 2% of the reinvested amount, up to $2.50.  For stock sales, investors are charged a fee of $15 plus a per share charge of 10 cents.  The maximum fee is $20 for sales of more than 50 shares.  The best way to minimize purchase and sales fees is to buy and sell shares in large batches.

Helpful Links

Air Products’ Investor Relations Website

Current quote and financial summary for Air Products (finviz.com)

Information on the Air Products’ direct purchase and dividend reinvestment plans

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