Air Products and Chemicals (APD) Dividend
42 yrs growthAir Products and Chemicals, Inc. · Basic Materials · Specialty Chemicals · quarterly payer
As of Nov 5, 2026, Air Products and Chemicals (APD) pays a quarterly dividend of $1.81 per share, or $7.24 a year, a 2.27% yield at its $311.51 share price. The next ex-dividend date is Jan 4, 2027, paid Feb 8, 2027. It has raised its dividend 42 years in a row and has a dividend safety grade of A.
Forward Yield
2.27%
Annual Dividend
$7.24
Payout Ratio
76%
5-Yr Growth
5.9%
Ex-Date
Jan 4, 2027
Frequency
Quarterly
Key facts about APD's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Air Products and Chemicals, Inc. (APD) has a forward dividend yield of 2.27%, based on an annual dividend of $7.24 per share and a share price of $311.51.
- As of Nov 5, 2026, APD's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Air Products and Chemicals, Inc. (APD) has raised its dividend for 42 consecutive years as of Nov 5, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- APD has never cut its regular dividend in the payment history SmarterDividends has on record.
- APD's next ex-dividend date is Jan 4, 2027, with payment on Feb 8, 2027. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, APD pays out 76% of its trailing 12-month earnings as dividends (its payout ratio).
- APD's dividend has grown at an average rate of 5.9% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for APD is $185.76 per share, 40% below the $311.51 share price, so APD screens as overvalued.
- Air Products and Chemicals, Inc. (APD) pays its dividend quarterly, 4 times a year.
- Air Products and Chemicals, Inc. (APD) has raised its regular dividend 45 times and cut it 0 times across the 173 payments on record since 1983. Its most recent change was a 1.1% increase to $1.81 per share, going ex-dividend on Apr 1, 2026.
- Air Products and Chemicals (APD) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 1.1%, was declared on Jan 27, 2026.
Cite this page
SmarterDividends, "APD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/APD
Is APD a good dividend stock?
YesAir Products and Chemicals, Inc. (APD) pays a quarterly dividend yielding 2.27% ($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
- 2.27%
- Payout Ratio
- 76%
- Annual Dividend
- $7.24
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Jan 4, 2027
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.67
- Market Cap
- $69.4B
- P/E Ratio
- —
- 5-Yr Total Return
- 10%
- 52-Week Range
- $229.11 – $316.64
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
APD dividend raises and cuts
Air Products and Chemicals, Inc. (APD) has raised its regular dividend 45 times and cut it 0 times across the 173 payments on record since 1983. Its most recent change was a 1.1% increase to $1.81 per share, going ex-dividend on Apr 1, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 1, 2026 | Raise | $1.79 → $1.81 | +1.1% |
| Apr 1, 2025 | Raise | $1.77 → $1.79 | +1.1% |
| Mar 28, 2024 | Raise | $1.75 → $1.77 | +1.1% |
| Mar 31, 2023 | Raise | $1.62 → $1.75 | +8.0% |
| Mar 31, 2022 | Raise | $1.50 → $1.62 | +8.0% |
| Mar 31, 2021 | Raise | $1.34 → $1.50 | +11.9% |
| Mar 31, 2020 | Raise | $1.16 → $1.34 | +15.5% |
| Mar 29, 2019 | Raise | $1.10 → $1.16 | +5.5% |
| Mar 29, 2018 | Raise | $0.950 → $1.10 | +15.8% |
| Mar 30, 2017 | Raise | $0.860 → $0.950 | +10.5% |
| Oct 6, 2016 | Raise | $0.796 → $0.860 | +8.1% |
| Mar 30, 2016 | Raise | $0.749 → $0.796 | +6.2% |
Show all 45 changes since 1984
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 30, 2015 | Raise | $0.712 → $0.749 | +5.2% |
| Mar 28, 2014 | Raise | $0.657 → $0.712 | +8.5% |
| Mar 27, 2013 | Raise | $0.592 → $0.657 | +10.9% |
| Mar 29, 2012 | Raise | $0.537 → $0.592 | +10.3% |
| Mar 30, 2011 | Raise | $0.453 → $0.537 | +18.4% |
| Mar 30, 2010 | Raise | $0.416 → $0.453 | +8.9% |
| Mar 30, 2009 | Raise | $0.407 → $0.416 | +2.3% |
| Mar 28, 2008 | Raise | $0.352 → $0.407 | +15.8% |
| Mar 29, 2007 | Raise | $0.315 → $0.352 | +11.8% |
| Mar 30, 2006 | Raise | $0.296 → $0.315 | +6.3% |
| Mar 30, 2005 | Raise | $0.268 → $0.296 | +10.3% |
| Jun 29, 2004 | Raise | $0.213 → $0.268 | +26.1% |
| Jun 27, 2003 | Raise | $0.194 → $0.213 | +9.5% |
| Jun 27, 2002 | Raise | $0.185 → $0.194 | +5.0% |
| Jun 28, 2001 | Raise | $0.176 → $0.185 | +5.3% |
| Jun 29, 2000 | Raise | $0.167 → $0.176 | +5.6% |
| Jun 29, 1999 | Raise | $0.157 → $0.167 | +5.9% |
| Jun 29, 1998 | Raise | $0.139 → $0.157 | +13.3% |
| Jun 27, 1997 | Raise | $0.127 → $0.139 | +9.1% |
| Jun 27, 1996 | Raise | $0.120 → $0.127 | +5.8% |
| Jun 29, 1995 | Raise | $0.113 → $0.120 | +6.1% |
| Jun 28, 1994 | Raise | $0.106 → $0.113 | +6.5% |
| Jun 28, 1993 | Raise | $0.0994 → $0.106 | +7.0% |
| Jun 26, 1992 | Raise | $0.0925 → $0.0994 | +7.5% |
| Mar 30, 1992 | Raise | $0.0902 → $0.0925 | +2.6% |
| Jun 28, 1991 | Raise | $0.0833 → $0.0902 | +8.3% |
| Jun 28, 1990 | Raise | $0.0763 → $0.0833 | +9.1% |
| Jun 28, 1989 | Raise | $0.0694 → $0.0763 | +10.0% |
| Jun 28, 1988 | Raise | $0.0578 → $0.0694 | +20.0% |
| Jun 26, 1987 | Raise | $0.0463 → $0.0578 | +25.0% |
| Jun 27, 1986 | Raise | $0.0428 → $0.0463 | +8.1% |
| Sep 30, 1985 | Raise | $0.0347 → $0.0428 | +23.3% |
| Sep 28, 1984 | Raise | $0.0289 → $0.0347 | +20.0% |
Frequently Asked Questions
Is APD a good dividend stock?
Yes. Air Products and Chemicals, Inc. (APD) pays a quarterly dividend yielding 2.27% ($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.
Is APD undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, APD's fair value is about $185.76 versus a $311.51 share price — so it looks overvalued (-40% vs. fair value).
Is APD's dividend safe?
APD has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 42-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is APD's fair value?
Our blended fair-value estimate for APD is about $185.76 per share, about 40% below the current $311.51 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is APD a buy, hold, or sell?
We don't issue formal ratings, but on the data APD screens as "yes" and overvalued. Air Products and Chemicals, Inc. (APD) pays a quarterly dividend yielding 2.27% ($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. This is research for your own analysis, not investment advice.
Will APD cut its dividend?
APD earns a dividend-safety grade of A (90/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does APD pay a dividend?
Yes. Air Products and Chemicals, Inc. pays a quarterly dividend of about $7.24 per share annually, a forward yield of roughly 2.27%.
How much dividend does 100 shares of APD pay?
At $7.24 per share a year, 100 shares of APD pay $724.00 a year in dividends before tax, about $181.00 each quarter. Buying them costs about $31,151 at the Nov 5, 2026 price.
What is APD's dividend yield?
As of Nov 5, 2026, APD's forward dividend yield is 2.27%, based on a $7.24 annual dividend and a $311.51 share price.
What is APD's dividend per share?
As of Nov 5, 2026, APD pays $7.24 per share per year, distributed on a quarterly basis.
What is APD's dividend payout ratio?
As of Nov 5, 2026, APD's payout ratio is 76% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has APD grown its dividend?
As of Nov 5, 2026, APD has increased its dividend for 42 consecutive years.
When is the next APD ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for APD is Jan 4, 2027.
APD Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+17%
5 Years
+10%
52-Week Range
$229.11 – $316.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is APD worth?
Overvaluedlow confidenceOur blended fair-value estimate for Air Products and Chemicals, Inc. is $185.76 per share, versus a market price of $311.51. That implies 40% of downside.
Fair Value
$185.76
Current Price
$311.51
Downside
-40%
Margin of Safety
-68%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 39.8% annual free-cash-flow growth. We model 8.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), 8.4% growth for five years fading to 2.5% over the next five, -$0.21 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
Full APD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 1, 2026 | Nov 9, 2026 | $1.8100 | regular |
| Jul 1, 2026 | Aug 10, 2026 | $1.8100 | regular |
| Apr 1, 2026 | May 11, 2026 | $1.8100 | regular |
| Jan 2, 2026 | Feb 9, 2026 | $1.7900 | regular |
| Oct 1, 2025 | Nov 10, 2025 | $1.7900 | regular |
| Jul 1, 2025 | Aug 11, 2025 | $1.7900 | regular |
| Apr 1, 2025 | May 12, 2025 | $1.7900 | regular |
| Jan 2, 2025 | Feb 10, 2025 | $1.7700 | regular |
| Oct 1, 2024 | Nov 12, 2024 | $1.7700 | regular |
| Jul 1, 2024 | Aug 12, 2024 | $1.7700 | regular |
| Mar 28, 2024 | May 13, 2024 | $1.7700 | regular |
| Dec 29, 2023 | Feb 12, 2024 | $1.7500 | regular |
| Sep 29, 2023 | Nov 13, 2023 | $1.7500 | regular |
| Jun 30, 2023 | Aug 14, 2023 | $1.7500 | regular |
Income Calculator
At $7.24 / yr per share
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