Air Products & Chemicals (APD) announced an 11.8% increase in the company's second quarter cash dividend to 38 cents per share versus 34 cents per share in the same quarter last year.
- In 2006, the company's dividend increase was only 6%.
- The five year average dividend growth rate is 13%
- The dividend yield on the new dividend rate increases to 2.07% versus the prior yield of 1.86%.
- The payout ratio on 2007 estimated earnings of $4.11 equals 36%. The five year average payout ratio equals 37%.
(click on table/chart for larger image)