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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Air Products and Chemicals, Inc. (APD) pays a $7.20 annual dividend ($1.81 quarterly), yielding 2.36% at $305.45/share. Next ex-dividend date 2026-10-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.36%
Annual Dividend: $7.20 per share
Payout Ratio: -3379.3%
Ex-Dividend Date: 2026-10-01
Dividend Frequency: quarterly
Sector: Basic Materials
Years of Dividend History: 44
Air Products and Chemicals, Inc. dividend has been paid quarterly for decades, backed by a business that supplies industrial gases like oxygen, hydrogen, and nitrogen to refineries, electronics manufacturers, and food and beverage producers worldwide. The current yield stands at 2.34%, with a trailing annual dividend rate of $7.20 per share. APD pays dividends quarterly, with the next ex-dividend date set for October 1, 2026, and the last dividend amount of $1.81 per share. With a beta of 0.75, APD stock carries below-market volatility, which suits income investors who prioritize steadiness over aggressive price swings.
Air Products and Chemicals, Inc. pays out a negative percentage of earnings as dividends, a payout ratio classified as conservative (below 40%) on a cash-flow-supported basis. The company's products, including atmospheric gases and hydrogen systems, serve essential industrial processes across refining, metals production, and medical imaging, sectors that maintain demand regardless of economic conditions. Air Products and Chemicals, Inc. dividend safety faces its most visible data-side question from the payout ratio figure of -3379.3%, which reflects a period of negative reported earnings rather than a cash shortfall, but investors should note that earnings-based coverage metrics are distorted and warrant monitoring.
Air Products and Chemicals, Inc. dividend history shows a CAGR of 9.0% per year from 2010 to 2025. The per-share annual dividend grew from $1.96 to $7.14 over that period (with 2026 partial year data not included in the CAGR calculation). The smallest annual increase in the window was 2.0% in 2025, a notable step down from the 18.4% peak increase recorded in 2011.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.3% | $6.48 (2022) | $7.14 (2025) |
| 5-Year | +5.9% | $5.36 (2020) | $7.14 (2025) |
| 10-Year | +8.2% | $3.24 (2015) | $7.14 (2025) |
APD fits dividend investors who want a moderate yield paired with a long history of per-share growth. The current yield of 2.34% sits above the 5-year average of 2.07%, meaning income buyers today are getting slightly more yield than the historical norm. Growth has been real: 9.0% annually over 15 years is a meaningful compounding rate. The trade-off is that recent growth has slowed sharply, with the 2025 increase coming in at just 2.0%. The yield classification is moderate (2–4%), so this is not a high-income play. What an investor gets is exposure to an essential industrial gas business with a below-average beta and a dividend that has grown substantially over time, at the cost of a yield that remains modest in absolute terms.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $1.8100 |
| 2026-07-01 | $1.8100 |
| 2026-04-01 | $1.8100 |
| 2026-01-02 | $1.7900 |
| 2025-10-01 | $1.7900 |
| 2025-07-01 | $1.7900 |
| 2025-04-01 | $1.7900 |
| 2025-01-02 | $1.7700 |
| 2024-10-01 | $1.7700 |
| 2024-07-01 | $1.7700 |
| Year | Total Dividends |
|---|---|
| 2026 | $7.2200 |
| 2025 | $7.1400 |
| 2024 | $5.3100 |
| 2023 | $7.0000 |
| 2022 | $6.4800 |
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