Air Products And Chemicals Dividend Increase -

Air Products And Chemicals Dividend Increase

Jan 26, 2025Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashOn Jan. 23, 2025, Air Products and Chemicals, Inc. (APD) increased its quarterly dividend by 1.13%, from $1.77 to $1.79 per share. The dividend is payable on May 12 to shareholders of record on April 1.The stock’s contribution to my portfolio’s projected annual dividend income will increase by $501.20 to $501.20.I own 70 shares of Air Products and Chemicals at an average cost basis of $245.94 per share. Following this increase, my yield on cost is 2.91% (the stock’s forward yield is 2.17% at $329.26 per share). Since opening my position in December 2018, the stock has generated a total return of 29%, including $955.48 in dividend income. That’s an impressive annualized rate of return of 15.5%.Air Products and Chemicals became my portfolio’s 25^th Home Run stock in November 2020, when the stock doubled my original capital outlay.More By This Author:Broadcom Dividend IncreaseMastercard Dividend IncreaseWaste Management Dividend Increase