Air Products & Chemicals (APD) will raise its quarterly dividend to $0.95 per share. The dividend is payable on May 8, 2017 to shareholders of record at the close of business on April 3, 2017.

Seifi Ghasemi, chairman, president and chief executive officer of Air Products, said, "The Board's decision to significantly increase the dividend reflects continued confidence in the financial strength of Air Products, including our strong cash flow. Underpinned by our A credit rating and capability to strategically deploy capital following the separation of our Materials Technologies businesses, we remain confident in the tremendous growth opportunities to invest in our core industrial gases business."

Air Products and Chemicals, Inc. is a manufacturer of atmospheric gases, process and specialty gases, equipment, and services. The company is a supplier of hydrogen, helium and liquefied natural gas process technology and equipment. The company also develops, engineers, builds, owns and operates industrial gas projects, including gasification projects. Air Products provides industrial gases and related equipment to many industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is a Delaware corporation originally founded in 1940.