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Air Liquide S.A.

Dividend Aristocrat
AI.PA|Basic Materials|Specialty Chemicals|€167.24|P/E 27.5|MCap 96.5B|Euronext

Last update: Mar 23, 2026 at 13:52

About Air Liquide S.A.

Air Liquide S.A. is a French multinational industrial gases company founded in 1902, serving as the second largest global supplier of industrial gases by revenues. It specializes in producing and supplying gases and related services to diverse industries, including medical, chemical, electronic, energy, and large-scale manufacturing sectors such as petrochemicals, metallurgy, and refining. The company operates in over 70 countries with headquarters in Paris and major offices worldwide, maintaining the longest pipeline network globally for direct gas and energy delivery to industrial basins. Key activities encompass large industries (26% of revenue), industrial merchant sales to SMEs (46%), healthcare solutions for chronic conditions like COPD and sleep apnea (18%), and electronics for semiconductors and photovoltaics (9%). Air Liquide invests heavily in R&D, focusing on hydrogen production, energy transition, biomethane, and digital transformation through initiatives like the Neos strategic plan and ALIAD venture capital arm. With over 67,000 employees and engineering expertise via subsidiaries like Air Liquide Engineering & Construction, it plays a pivotal role in advancing sustainable technologies, climate goals, and innovations in hydrogen mobility and e-health.

Dividend Overview

Dividend Yield

1.97%

Annual Dividend

€3.30

Frequency

Annual

Payout Ratio

54.28%

FCF Payout Ratio

N/A

Stock Price

€167.24

52-Week Range

€154.86 €187.12

Dividend Health Score

77/ 100Safe

AI.PA's dividend appears safe and well-supported. Strengths include a 54.3% earnings payout ratio and 60.0x interest coverage. As a Dividend Aristocrat with 25+ consecutive years of increases, AI.PA has a proven commitment to shareholders.

Based on 14 of 14 metrics

Payout & Coverage

Safe
Earnings Payout Ratio
54.3%Safe
FCF Payout Ratio
73.1%Caution
CFO Payout Ratio
50.8%Caution
Interest Coverage
60.0xVery Safe

Balance Sheet

Safe
Net Debt / Total Assets
19.2%Safe
Current Ratio
1.2xCaution
Debt-to-Equity
50.7Safe

Profitability

Safe
Return on Equity
13.4%Safe
Operating Margin
19.5%Safe
Gross Margin
64.2%Very Safe
Profit Margin Stability
StableSafe

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
5-Year Dividend CAGR
10.2%Very Safe
Earnings Stability
GrowingVery Safe

Dividend History (2016–2025)

AI.PA annual dividend per share and yield history

Earnings & Profitability

AI.PA earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 18, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

14.84%

5-Year Dividend CAGR

10.22%

10-Year Dividend CAGR

11.03%

3-Year Total Growth

51.46%

5-Year Total Growth

62.67%

10-Year Total Growth

184.80%

6

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

Income Calculator

AI.PA Dividend Calculator

Total Investment

€16,724.00

Annual Income

€330.00

Quarterly Income

€82.50

Monthly Income

€27.50

Frequently Asked Questions

What is AI.PA's current dividend yield?
Air Liquide S.A. (AI.PA) currently has a dividend yield of 1.97%, based on a stock price of €167.24 and an annual dividend of €3.30.
When is AI.PA's next dividend payment date?
AI.PA's next ex-dividend date is 2026-05-18 and the next payment date is null. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does AI.PA pay in dividends per year?
Air Liquide S.A. paid €3.30 per share in annual dividends in 2025. The dividends are paid annual.
Has AI.PA been increasing its dividend?
Yes, Air Liquide S.A. is a 6. Its dividend has grown at a 5-year CAGR of 10.22%, a 3-year CAGR of 14.84%, and a 10-year CAGR of 11.03%.
Is AI.PA's dividend safe?
Air Liquide S.A. has a payout ratio of 54.28%. A payout ratio below 60% is generally considered sustainable.
How is AI.PA's Dividend Health Score calculated?
The Dividend Health Score evaluates Air Liquide S.A.'s dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). 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 Health Score, 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.