5 Best Long-Term Dividend Stocks

5. Air Products and Chemicals, Inc. (NYSE:APD)

Dividend Yield as of July 18: 2.90%

Air Products and Chemicals, Inc. (NYSE:APD) is an American chemical industry company that sells gases and chemicals for industrial uses.

In fiscal Q2 2022, Air Products and Chemicals, Inc. (NYSE:APD) paid $664.7 million in dividends to shareholders, up from $592.7 million paid during the same period last year. The company holds a 40-year streak of dividend growth, with a 5-year CAGR of 11.83%. Considering its historical performance, the company is expected to raise its dividend by 10% in the next five years. Air Products and Chemicals, Inc. (NYSE:APD) has a payout ratio of 55%. The company pays a quarterly payout of $1.62 per share, with a dividend yield of 2.90%, as of July 18.

In July, UBS set a $295 price target on Air Products and Chemicals, Inc. (NYSE:APD) with a Buy rating on the shares, presenting a positive stance on chemical and packaging stocks.

As per Insider Monkey’s Q1 2022 database, 39 hedge funds owned positions in Air Products and Chemicals, Inc. (NYSE:APD), down from 40 in the previous quarter. The collective value of stakes owned by these funds stood at nearly $859 million. Jim Simons, Israel Englander, and Ken Griffin were some of the company’s prominent shareholders in Q1.

ClearBridge Investment mentioned Air Products and Chemicals, Inc. (NYSE:APD) in its Q1 2022 investor letter. Here is what the firm has to say:

“While commodities-exposed areas of the materials sector such as mining and steel fared well in the quarter, we tend to have less direct exposure to commodities across our portfolio. Holdings like industrial gas company Air Products and Chemicals (NYSE:APD) faced sharp input cost escalation, driving meaningful margin compression, which was not well-received by investors. While negative in the short term, we remain confident that the company will be able to adjust pricing accordingly and recover margins over the medium term.”