Air Products Stock To Go Ex-dividend Tomorrow (APD)

NEW YORK ( TheStreet) -- The ex-dividend date for Air Products & Chemicals (NYSE: APD) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $91.70 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Air Products has been 1.1 million shares per day over the past 30 days. Air Products has a market cap of $18.44 billion and is part of the basic materials sector and chemicals industry. Shares are up 7.7% year to date as of the close of trading on Tuesday.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company has a P/E ratio of 16.5, above the average chemicals industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Air Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Air Products Ratings Report.

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