Air Products and Chemicals (APD) Dividend History & Yield
Air Products and Chemicals (APD) has increased its dividend for 2 consecutive years and currently yields 2.48%. The most recent dividend was $1.8100/share on May 11, 2026, paid Quarterly.
Current Yield
2.48%
TTM Dividend/Share
$7.18
Payment Frequency
Quarterly
Payout Ratio
76.0%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
34.46%
Div Growth (5Y CAGR)
5.90%
Div Growth (10Y CAGR)
9.07%
APD: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.4%
FCF payout ratio
36.0%
Net debt / EBITDA
4.0x
Interest coverage
9.84x
ROIC (TTM)
6.8%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 76.0%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($-16.90) does not fully cover dividend/share ($7.18).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 36.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.9%) ≤ EPS growth (6.1%) — sustainable.
Per-payment dividend history
Ex-date Jul 1, 2026
- Payment date
- Aug 10, 2026
- Dividend
- $1.8100
- Adj. dividend
- $1.8100
Ex-date Apr 1, 2026
- Payment date
- May 11, 2026
- Dividend
- $1.8100
- Adj. dividend
- $1.8100
Ex-date Jan 2, 2026
- Payment date
- Feb 9, 2026
- Dividend
- $1.7900
- Adj. dividend
- $1.7900
Ex-date Oct 1, 2025
- Payment date
- Nov 10, 2025
- Dividend
- $1.7900
- Adj. dividend
- $1.7900
Ex-date Jul 1, 2025
- Payment date
- Aug 11, 2025
- Dividend
- $1.7900
- Adj. dividend
- $1.7900
Ex-date Apr 1, 2025
- Payment date
- May 12, 2025
- Dividend
- $1.7900
- Adj. dividend
- $1.7900
Ex-date Jan 2, 2025
- Payment date
- Feb 10, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Oct 1, 2024
- Payment date
- Nov 12, 2024
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Jul 1, 2024
- Payment date
- Aug 12, 2024
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Mar 28, 2024
- Payment date
- May 13, 2024
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Dec 29, 2023
- Payment date
- Feb 12, 2024
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
Ex-date Sep 29, 2023
- Payment date
- Nov 13, 2023
- Dividend
- $1.7500
- Adj. dividend
- $1.7500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jul 1, 2026 | Aug 10, 2026 | $1.8100 | $1.8100 |
| Apr 1, 2026 | May 11, 2026 | $1.8100 | $1.8100 |
| Jan 2, 2026 | Feb 9, 2026 | $1.7900 | $1.7900 |
| Oct 1, 2025 | Nov 10, 2025 | $1.7900 | $1.7900 |
| Jul 1, 2025 | Aug 11, 2025 | $1.7900 | $1.7900 |
| Apr 1, 2025 | May 12, 2025 | $1.7900 | $1.7900 |
| Jan 2, 2025 | Feb 10, 2025 | $1.7700 | $1.7700 |
| Oct 1, 2024 | Nov 12, 2024 | $1.7700 | $1.7700 |
| Jul 1, 2024 | Aug 12, 2024 | $1.7700 | $1.7700 |
| Mar 28, 2024 | May 13, 2024 | $1.7700 | $1.7700 |
| Dec 29, 2023 | Feb 12, 2024 | $1.7500 | $1.7500 |
| Sep 29, 2023 | Nov 13, 2023 | $1.7500 | $1.7500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Air Products and Chemicals has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $7.1400 | — | — |
| 2025 | $5.3100 | $7.1400 | +34.5% |
| 2024 | $7.0000 | $5.3100 | -24.1% |
| 2023 | $6.4800 | $7.0000 | +8.0% |
| 2022 | $6.0000 | $6.4800 | +8.0% |
| 2021 | $5.3600 | $6.0000 | +11.9% |
| 2020 | $4.6400 | $5.3600 | +15.5% |
| 2019 | $4.4000 | $4.6400 | +5.5% |
| 2018 | $3.8000 | $4.4000 | +15.8% |
| 2017 | $3.3111 | $3.8000 | +14.8% |
| 2016 | $2.9972 | $3.3111 | +10.5% |
| 2015 | $2.8492 | $2.9972 | +5.2% |
| 2014 | $2.6272 | $2.8492 | +8.5% |
| 2013 | $2.3682 | $2.6272 | +10.9% |
| 2012 | $2.1462 | $2.3682 | +10.3% |
| 2011 | $1.8131 | $2.1462 | +18.4% |
| 2010 | $1.6651 | $1.8131 | +8.9% |
| 2009 | $1.6281 | $1.6651 | +2.3% |
| 2008 | $1.4061 | $1.6281 | +15.8% |
| 2007 | $1.2581 | $1.4061 | +11.8% |
| 2006 | $1.1841 | $1.2581 | +6.2% |
| 2005 | $1.0176 | $1.1841 | +16.4% |
| 2004 | $0.8326 | $1.0176 | +22.2% |
| 2003 | $0.7678 | $0.8326 | +8.4% |
| 2002 | $0.7308 | $0.7678 | +5.1% |
| 2001 | $0.6938 | $0.7308 | +5.3% |
| 2000 | $0.6568 | $0.6938 | +5.6% |
| 1999 | $0.6105 | $0.6568 | +7.6% |
| 1998 | $0.5435 | $0.6105 | +12.3% |
| 1997 | $0.5019 | $0.5435 | +8.3% |
| 1996 | $0.4741 | $0.5019 | +5.9% |
| 1995 | $0.4463 | $0.4741 | +6.2% |
| 1994 | $0.4186 | $0.4463 | +6.6% |
| 1993 | $0.3908 | $0.4186 | +7.1% |
| 1992 | $0.3538 | $0.3908 | +10.5% |
| 1991 | $0.3261 | $0.3538 | +8.5% |
| 1990 | $0.2983 | $0.3261 | +9.3% |
| 1989 | $0.2660 | $0.2983 | +12.2% |
| 1988 | $0.2197 | $0.2660 | +21.1% |
| 1987 | $0.1388 | $0.2197 | +58.3% |
| 1986 | $0.1549 | $0.1388 | -10.4% |
| 1985 | $0.1272 | $0.1549 | +21.8% |
| 1984 | — | $0.1272 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Air Products and Chemicals (APD) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.59B
YoY change
+1.2%
5Y CAGR
+7.5%
Peak year (2025)
$1.58B
Latest annual
$1.58B
Cash dividends paid over time for Air Products and Chemicals (APD)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Air Products and Chemicals (APD)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.58B | +1.2% | +$19.20M | ||
| 2024 | $1.56B | +4.6% | +$68.30M | ||
| 2023 | $1.50B | +8.2% | +$113.30M | ||
| 2022 | $1.38B | +10.1% | +$126.60M | ||
| 2021 | $1.26B | +13.9% | +$153.10M | ||
| 2020 | $1.10B | +11.0% | +$109.60M | ||
| 2019 | $994.00M | +10.7% | +$96.20M | ||
| 2018 | $897.80M | +13.9% | +$109.90M | ||
| 2017 | $787.90M | +9.2% | +$66.70M | ||
| 2016 | $721.20M | +6.5% | +$43.70M | ||
| 2015 | $677.50M | +7.9% | +$49.80M | ||
| 2014 | $627.70M | +11.0% | +$62.10M | ||
| 2013 | $565.60M | +9.8% | +$50.70M | ||
| 2012 | $514.90M | +12.7% | +$58.20M | ||
| 2011 | $456.70M | +14.5% | +$58.00M | ||
| 2010 | $398.70M | +6.8% | +$25.40M | ||
| 2009 | $373.30M | +6.9% | +$24.00M | ||
| 2008 | $349.30M | +12.0% | +$37.30M | ||
| 2007 | $312.00M | +6.3% | +$18.40M | ||
| 2006 | $293.60M | +6.3% | +$17.40M | ||
| 2005 | $276.20M | +26.2% | +$57.30M | ||
| 2004 | $218.90M | +16.1% | +$30.30M | ||
| 2003 | $188.60M | +7.4% | +$13.00M | ||
| 2002 | $175.60M | +6.3% | +$10.40M | ||
| 2001 | $165.20M | +6.1% | +$9.50M | ||
| 2000 | $155.70M | +6.5% | +$9.50M | ||
| 1999 | $146.20M | +9.1% | +$12.20M | ||
| 1998 | $134.00M | +8.2% | +$10.20M | ||
| 1997 | $123.80M | +6.1% | +$7.10M | ||
| 1996 | $116.70M | +1.2% | +$1.40M | ||
| 1995 | $115.30M | +7.0% | +$7.50M | ||
| 1994 | $107.80M | +6.1% | +$6.20M | ||
| 1993 | $101.60M | +8.9% | +$8.30M | ||
| 1992 | $93.30M | +11.1% | +$9.30M | ||
| 1991 | $84.00M | +9.5% | +$7.30M | ||
| 1990 | $76.70M | +10.7% | +$7.40M | ||
| 1989 | $69.30M | — | — |
2025's annual dividends paid for Air Products and Chemicals (APD) came in at $1.58B – edged up 1.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Air Products and Chemicals dividends paid compounded at +7.5% per year, sustaining 36 straight years of year-over-year growth.
$1.58B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $69.30M during 1989.
Within Basic Materials, Air Products and Chemicals (APD) ranks 3rd among 8 peers we track. The peer median for dividends paid is $930.50M.
Air Products and Chemicals Dividends Paid 2025: $1.58B
Air Products and Chemicals dividends paid in 2025 was $1.58B, edged up 1.2% from 2024. This figure represents the highest annual value in the available history.
Air Products and Chemicals Dividends Paid 2024: $1.56B
Air Products and Chemicals dividends paid in 2024 was $1.56B, edged up 4.6% from 2023.
Air Products and Chemicals Dividends Paid 2023: $1.50B
Air Products and Chemicals dividends paid in 2023 was $1.50B, grew 8.2% from 2022.
Air Products and Chemicals Dividends Paid 2022: $1.38B
Air Products and Chemicals dividends paid in 2022 was $1.38B, grew 10.1% from 2021.
Air Products and Chemicals Dividends Paid 2021: $1.26B
Air Products and Chemicals dividends paid in 2021 was $1.26B.
See more financial history for Air Products and Chemicals (APD).
Sector peers by dividends paid
Companies in the same sector as Air Products and Chemicals, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Linde (LIN) | $2.81B | Basic Materials |
| Southern Copper (SCCO) | $2.49B | Basic Materials |
| Newmont (NEM) | $1.11B | Basic Materials |
| CRH (CRH) | $996.00M | Basic Materials |
| Freeport-McMoRan (FCX) | $865.00M | Basic Materials |
| Sherwin-Williams (SHW) | $789.80M | Basic Materials |
| Ecolab (ECL) | $753.60M | Basic Materials |
| Agnico Eagle Mines (AEM) | $728.08M | Basic Materials |
Frequently asked questions
Does Air Products and Chemicals pay dividends?
Yes, Air Products and Chemicals (APD) pays quarterly dividends of approximately $7.18 per share annually, yielding 2.48%.
What is Air Products and Chemicals's dividend yield?
Air Products and Chemicals (APD) has a current dividend yield of 2.48%.
Is Air Products and Chemicals's dividend safe?
Air Products and Chemicals (APD) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Air Products and Chemicals increased its dividend?
Air Products and Chemicals (APD) has 2 consecutive years of dividend increases.
What is Air Products and Chemicals's dividend payout ratio?
Air Products and Chemicals (APD) has a dividend payout ratio of 76.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Air Products and Chemicals's dividends paid?
Latest reported dividends paid for Air Products and Chemicals (APD) is $1.59B (period ending March 31, 2026).
How has Air Products and Chemicals dividends paid changed year-over-year?
Air Products and Chemicals (APD) dividends paid changed +1.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Air Products and Chemicals dividends paid?
Air Products and Chemicals (APD) dividends paid compound annual growth rate is +7.5% over the most recent 5 years available.
When did Air Products and Chemicals dividends paid hit its highest annual value?
Air Products and Chemicals dividends paid reached its highest annual value of $1.58B in 2025.
What was Air Products and Chemicals dividends paid in 2024?
Air Products and Chemicals (APD) dividends paid in 2024 was $1.56B.
What was Air Products and Chemicals dividends paid in 2025?
Air Products and Chemicals (APD) dividends paid in 2025 was $1.58B.
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