Materials Dividends in Specialty Chemicals (APD): The Case for Air Products and Chemicals

Air Products and Chemicals, Inc. (NYSE:APD) is included among the 13 Best Materials Dividend Stocks to Buy Right Now.

A line of workers in a refinery wearing protective suits and masks, overseeing the production process of specialty gases.

Air Products and Chemicals, Inc. (NYSE:APD) provides industrial gases and chemicals to customers in around 50 countries. Its products support a wide range of sectors, including electronics, food and beverage, manufacturing, metals, and refining.

The global transition to clean energy is expected to be a major growth catalyst for Air Products and Chemicals, Inc. (NYSE:APD) in the years ahead. It is already the world’s leading supplier of hydrogen, which is gaining traction as a fuel source for vehicles like buses and trucks. In addition, the company is at the forefront of carbon capture and gasification technologies, which convert resources such as coal, high-sulfur liquids, and natural gas into syngas— a key component for producing chemicals, fuel, and energy.

Air Products and Chemicals, Inc. (NYSE:APD) has always grabbed the attention of income investors because of its consistent dividend policy. On July 18, the company declared a quarterly dividend of $1.79 per share, which was in line with its previous dividend. Overall, it has raised its payouts for 43 consecutive years. As of July 29, the stock has a dividend yield of 2.47%.

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Disclosure: None.