Air Products dividend history

Air Products's dividend was $7.14 a share in fiscal 2025, up 1.1% on the year before. It has raised its dividend per share every year since fiscal 2009, as far back as our figures go.

Dividends, buybacks and capital spending

Dividends (TTM): $1.6B
Diluted share count: −0.1%; year over year
Total shareholder yield: 2.3%; dividends 2.3% + buybacks 0.0% of market value
R&D spending: 0.7%; of revenue
Sales & admin spending: 7.1%; of revenue
Days sales outstanding: 54 days; receivables vs revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Air Products: dividends by fiscal year, annual
Fiscal year	2009Sept 2009	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Dividend per share	$1.79	$1.92	$2.23	$2.50	$2.77	$3.02	$3.20	$3.39	$3.71	$4.25	$4.58	$5.18	$5.84	$6.36	$6.87	$7.06	$7.14	—
Dividend per share growth	—	+7.3%	+16.1%	+12.1%	+10.8%	+9.0%	+6.0%	+5.9%	+9.4%	+14.6%	+7.8%	+13.1%	+12.7%	+8.9%	+8.0%	+2.8%	+1.1%	—
Dividends paid	373	399	457	515	566	628	678	721	788	898	994	1,104	1,257	1,383	1,497	1,565	1,584	1,598
Share buybacks	0	0	649	53	462	0	0	—	—	—	—	—	—	—	—	—	—	—
Dividends ÷ net income	59.1%	38.7%	37.3%	44.1%	56.9%	63.3%	53.0%	114.3%	26.3%	59.9%	56.5%	58.5%	59.9%	61.3%	65.1%	40.9%	—	—
Dividends ÷ free cash flow	248.4%	74.7%	102.9%	210.9%	>999%	75.9%	76.6%	53.4%	52.9%	91.7%	101.4%	146.0%	144.3%	566.7%	—	—	—	—

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Air Products's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Air Products.