DOW JONES NEWSWIRES
Air Products & Chemicals Inc. (APD) raised its quarterly dividend 10%, marking the 30th straight year the industrial-gas company has increased its dividend.
The six cents-a-share increase brings the quarterly payout to 64 cents a share and will cost Air Products about $50.5 million more a year.
In January, Air Products reported its fiscal first-quarter earnings fell 7.6% as it saw continued weakness in its equipment and energy segment and slower growth in its three other major segments.
Shares were up by 36 cents to $91.50 in recent trading. The stock is up 7.4% so far this year.
-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; firstname.lastname@example.org