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LEHIGH VALLEY, Pa. - Air Products (NYSE:APD) announced Friday that its Board of Directors has declared a quarterly dividend of $1.79 per share of common stock. The dividend will be payable on November 10, 2025, to shareholders of record at the close of business on October 1, 2025. According to InvestingPro data, the company offers a 2.44% dividend yield and has maintained dividend payments for 55 consecutive years, demonstrating strong commitment to shareholder returns.
The industrial gases company, which has been in operation for over 80 years, supplies essential industrial gases and related equipment to customers across various industries including refining, chemicals, metals, electronics, manufacturing, medical and food sectors. InvestingPro analysis indicates the stock trades at a P/E ratio of 42.25, suggesting a premium valuation, with analysts maintaining a moderate buy consensus and a high price target of $375.
Air Products reported fiscal 2024 sales of $12.1 billion from operations in approximately 50 countries and currently has a market capitalization of about $60 billion, according to the company’s press release statement.
As a global supplier of hydrogen, the company is involved in developing and operating clean hydrogen projects aimed at supporting low-carbon and zero-carbon energy transitions in industrial and transportation sectors.
In other recent news, Air Products and Chemicals Inc. reported its financial results for the second quarter of 2025, missing earnings expectations with an adjusted earnings per share (EPS) of $2.69, below the forecasted range of $2.75 to $2.85. Revenue also came in slightly lower than anticipated at $2.92 billion, compared to the forecast of $2.94 billion. TD Cowen adjusted its price target for Air Products, lowering it to $315 from the previous $325, while maintaining a Buy rating, reflecting confidence in the company’s strategic realignments. However, Moody’s Ratings revised the outlook for Air Products to negative from stable, citing concerns over the firm’s ability to maintain its credit metrics amid negative free cash flow in 2025.
Morgan Stanley resumed coverage on Air Products with an Equalweight rating, setting a price target of $290.00, noting the company’s promising trajectory under new leadership but emphasizing the importance of improving return on invested capital for significant stock outperformance. In strategic moves, Air Products plans to reduce its workforce by approximately 11% by fiscal years 2027 and 2028 as part of cost-saving measures. The company also aims to reach a free cash flow breakeven point by FY27, with capital expenditures expected to increase to $2.5 billion by FY30. Meanwhile, Bioceres Crop Solutions announced changes to its Board of Directors, with new appointments effective June 24, 2025, and coinciding with amendments to note purchase agreements entered into in August 2022.
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