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Air Products and Chemicals Inc. (APD) logo

Air Products and Chemicals Inc.

Dividend AristocratS&P 500
APD|Basic Materials|Specialty Chemicals|$295.41|P/E 31.2|MCap 65.8B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

49/ 100Caution

APD's dividend shows some areas that warrant monitoring. Strengths include a 12.3% return on equity & 23.6% operating margin. Areas of concern: 127.4% fcf payout ratio & 1153.8% cfo payout ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, APD has a proven commitment to shareholders.

Based on 15 of 15 metrics

Strengths

  • Dividend Streak: Aristocrat (25+ yrs)Long, uninterrupted dividend track record.
  • Dividend Cut: NoneNo dividend cut in recent history.
  • Return on Equity: 12.3%Strong return on equity reflects efficient profit generation.

Risks

  • FCF Payout Ratio: 127.4%Free cash flow is tight relative to the dividend.
  • CFO Payout Ratio: 1153.8%Operating cash flow leaves little room for the payout.
  • Interest Coverage: -1.1xInterest coverage is thin relative to debt servicing.

Payout & Coverage

Warning
Earnings Payout Ratio
75.7%Caution
FCF Payout Ratio
127.4%Danger
CFO Payout Ratio
1153.8%Danger
Interest Coverage
-1.1xDanger

Balance Sheet

Caution
Net Debt / Total Assets
40.3%Caution
Current Ratio
1.4xCaution
Debt-to-Equity
101.6Caution

Profitability

Caution
Return on Equity
12.3%Safe
Operating Margin
23.6%Safe
Gross Margin
31.1%Caution
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
Aristocrat (25+ yrs)Very Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
5.9%Safe
Earnings Stability
Mostly StableCaution

About Air Products and Chemicals Inc.

Air Products and Chemicals Inc. is a leading industrial gases company that manufactures and distributes atmospheric, process, and specialty gases worldwide. It produces essential gases such as oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, carbon monoxide, and syngas, serving diverse industries including refining, chemicals, metals, electronics, manufacturing, medical, food, energy production, chemical and petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing. The company operates through key geographic segments: Americas, Asia, Europe, Middle East and India, focusing on producing and selling gases to industrial customers, while its Corporate and Other segment handles sales of cryogenic and gas processing equipment for air separation, sold globally to sectors like chemical processing and primary metals. Additionally, Air Products and Chemicals Inc. designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and transport and storage of liquid helium and liquid hydrogen. Founded in 1940 and headquartered in Allentown, Pennsylvania, it plays a critical role in enabling essential industrial processes across multiple sectors.

Dividend Overview

Dividend Yield

2.43%

Annual Dividend

$7.18

Frequency

Quarterly

Payout Ratio

75.66%

FCF Payout Ratio

127.40%

Stock Price

$295.41

52-Week Range

$229.11 $307.29

Dividend History (2016–2025)

APD annual dividend per share and yield history

Earnings & Profitability

APD earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

July 1, 2026

Next Payment Date

August 10, 2026

Dividend Growth

3-Year Dividend CAGR

3.29%

5-Year Dividend CAGR

5.90%

10-Year Dividend CAGR

9.07%

3-Year Total Growth

10.19%

5-Year Total Growth

33.21%

10-Year Total Growth

138.22%

Dividend Aristocrat (25+ yrs)

This company has increased its dividend for 25+ consecutive years.

Income Calculator

APD Dividend Calculator

Total Investment

$29,541.00

Annual Income

$718.00

Quarterly Income

$179.50

Monthly Income

$59.83

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Frequently Asked Questions

What is APD's current dividend yield?
Air Products and Chemicals Inc. (APD) currently has a dividend yield of 2.43%, based on a stock price of $295.41 and an annual dividend of $7.18.
When is APD's next dividend payment date?
APD's next ex-dividend date is 2026-07-01 and the next payment date is 2026-08-10. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does APD pay in dividends per year?
Air Products and Chemicals Inc. paid $7.14 per share in annual dividends in 2025. The dividends are paid quarterly.
Has APD been increasing its dividend?
Yes, Air Products and Chemicals Inc. is a Dividend Aristocrat (25+ yrs). Its dividend has grown at a 5-year CAGR of 5.90%, a 3-year CAGR of 3.29% and a 10-year CAGR of 9.07%.
Is APD's dividend safe?
Air Products and Chemicals Inc. has a payout ratio of 75.66%. Its free cash flow payout ratio is 127.40%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is APD's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Air Products and Chemicals Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for basic materials companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.