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Air Products & Chemicals (Air Products & Chemicals) 3-Year Dividend Growth Rate

: 9.90% (As of Dec. 2023)
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Air Products & Chemicals's Dividends per Share for the three months ended in Dec. 2023 was $1.75.

The historical rank and industry rank for Air Products & Chemicals's 3-Year Dividend Growth Rate or its related term are showing as below:

APD' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.4   Med: 9.9   Max: 17.7
Current: 9.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Air Products & Chemicals was 17.70% per year. The lowest was 5.40% per year. And the median was 9.90% per year.

APD's 3-Year Dividend Growth Rate is ranked better than
50.86% of 698 companies
in the Chemicals industry
Industry Median: 9.45 vs APD: 9.90

During the past 12 months, Air Products & Chemicals's average Dividends Per Share Growth Rate was 8.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Air Products & Chemicals's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.62. As of today, Air Products & Chemicals's Dividend Yield % is 3.00%.

Good Sign:

Air Products & Chemicals Inc stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Chemicals subindustry, Air Products & Chemicals's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Products & Chemicals 3-Year Dividend Growth Rate Distribution

For the Chemicals industry and Basic Materials sector, Air Products & Chemicals's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Air Products & Chemicals's 3-Year Dividend Growth Rate falls into.



Air Products & Chemicals 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Air Products & Chemicals  (NYSE:APD) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Air Products & Chemicals's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.75/ 2.82
=0.62

During the past 13 years, the highest Dividend Payout Ratio of Air Products & Chemicals was 7.16. The lowest was 0.52. And the median was 0.61.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Air Products & Chemicals Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.7702024-03-282024-04-012024-05-13Cash DividendquarterlyUSD:USD 1.000000
USD 1.7502023-12-292024-01-022024-02-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.7502023-09-292023-10-022023-11-13Cash DividendquarterlyUSD:USD 1.000000
USD 1.7502023-06-302023-07-032023-08-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Air Products & Chemicals's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=7.02/233.71
=3.00 %

Current Share Price is $233.71.
Air Products & Chemicals's Dividends per Share for the trailing twelve months (TTM) ended in Today is $7.02.

During the past 13 years, the highest Dividend Yield of Air Products & Chemicals was 3.18%. The lowest was 1.66%. And the median was 2.40%.

Good Sign:

Air Products & Chemicals Inc stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Air Products & Chemicals 3-Year Dividend Growth Rate Related Terms>


Air Products & Chemicals (Air Products & Chemicals) Business Description

Address
1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.
Executives
Jeffrey Kutz officer: VP, Controller & PAO 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106-5500
Seifi Ghasemi director 100 OVERLOOK CENTER, PRINCETON NJ 08540
Sean D Major officer: Executive VP & General Counsel 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Tonit M Calaway director HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Wayne Thomas Smith director 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Melissa N. Schaeffer officer: Senior Vice President and CFO 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Edward L Monser director
Lisa Ann Davis director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Russell A Flugel officer: Chief Accounting Officer C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Charles I Cogut director 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Samir Serhan officer: Executive Vice President 7201 HAMILTON BLVD., ALLENTOWN PA 18195
Jennifer Grant officer: VP 7201 HAMILTON BLVD, ALLENTOWN PA 18195
John D. Stanley officer: SR VP and General Counsel 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Guillermo Novo officer: Senior V.P. AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Painter Corning F. officer: Senior V.P. 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501