Air Products and Chemicals, Inc.
APD42 yrs growthBasic Materials · Stock · quarterly payer
Forward Yield
2.45%
Annual Dividend
$7.24
Payout Ratio
76%
5-Yr Growth
5.9%
Ex-Date
Jul 1, 2026
Frequency
Quarterly
Summary
As of July 2026, Air Products and Chemicals, Inc. (APD) yields 2.45% ($7.24 per share annually), with a blended fair-value estimate of $196.21 — -34% downside, so it screens as overvalued. Dividend safety grade: A (90/100). 42 years of dividend growth.
Is APD a good dividend stock?
YesAir Products and Chemicals, Inc. (APD) pays a quarterly dividend yielding 2.45% ($7.24/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Strong 5.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.45%
- Payout Ratio
- 76%
- Annual Dividend
- $7.24
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Jul 1, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.74
- Market Cap
- $66.1B
- P/E Ratio
- 31.2
- 5-Yr Total Return
- 10%
- 52-Week Range
- $229.11 – $314.87
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
APD Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+0%
5 Years
+10%
52-Week Range
$229.11 – $314.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is APD worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Air Products and Chemicals, Inc. is $196.21 per share, versus a market price of $295.62. That implies 34% of downside.
Fair Value
$196.21
Current Price
$295.62
Downside
-34%
Margin of Safety
-51%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 8.5% stage-1 growth, 2.5% terminal growth, $9.49 EPS, $7.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
APD Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 1, 2026 | — | $1.8100 | regular |
| Apr 1, 2026 | — | $1.8100 | regular |
| Jan 2, 2026 | — | $1.7900 | regular |
| Oct 1, 2025 | — | $1.7900 | regular |
| Jul 1, 2025 | — | $1.7900 | regular |
| Apr 1, 2025 | — | $1.7900 | regular |
| Jan 2, 2025 | — | $1.7700 | regular |
| Oct 1, 2024 | — | $1.7700 | regular |
| Jul 1, 2024 | — | $1.7700 | regular |
| Mar 28, 2024 | — | $1.7700 | regular |
| Dec 29, 2023 | — | $1.7500 | regular |
| Sep 29, 2023 | — | $1.7500 | regular |
| Jun 30, 2023 | — | $1.7500 | regular |
| Mar 31, 2023 | — | $1.7500 | regular |
Income Calculator
At $7.24 / yr per share
