Air Products & Chemicals, Inc. (NYSE:APD) announced a quarterly dividend on Thursday, January 23rd, RTT News reports. Shareholders of record on Wednesday, April 1st will be paid a dividend of 1.34 per share by the basic materials company on Monday, May 11th. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.16.
Air Products & Chemicals has increased its dividend payment by an average of 6.9% annually over the last three years and has raised its dividend annually for the last 37 consecutive years. Air Products & Chemicals has a payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Air Products & Chemicals to earn $10.61 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 43.7%.
Air Products & Chemicals stock traded down $2.68 during trading hours on Thursday, reaching $235.36. 407,017 shares of the company’s stock traded hands, compared to its average volume of 934,352. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.32 and a current ratio of 2.54. Air Products & Chemicals has a fifty-two week low of $154.78 and a fifty-two week high of $241.90. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.04 and a beta of 0.85. The firm’s 50 day moving average is $233.01 and its 200-day moving average is $226.45.
Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Air Products & Chemicals will post 9.47 EPS for the current year.
APD has been the topic of a number of research reports. Atlantic Securities initiated coverage on shares of Air Products & Chemicals in a research report on Monday, November 18th. They set a “neutral” rating and a $250.00 target price on the stock. Barclays upped their target price on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. UBS Group cut their price target on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price target on the stock. in a research report on Friday, January 3rd. Finally, Deutsche Bank increased their price target on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 8th. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $240.76.
About Air Products & Chemicals
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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