Air Products and Chemicals ($APD) announced its next dividend of $1.77 per share, a 1.14% increase over its previous payout of $1.75.
DivGro's projected annual dividend income will increase by $8.00 to $708.00.
The dividend will be paid on 13 May to shareholders of record on 1 April. The ex-dividend date is 28 March.
I own 100 shares of APD at an average cost basis of $253.77 per share. Following this increase, my yield on cost is 2.79%. (APD's forward yield is 2.70% at $261.90 per share).
APD became DivGro's 25th Home Run stock in November 2020, when the stock doubled my original capital outlay.
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