On 23 January, Air Products and Chemicals (APD) increased its quarterly dividend by 1.13%, from 1.77¢ to 1.79¢ per share.
The dividend is payable on 12 May to shareholders of record on 1 April.
APD's contribution to DivGro's projected annual dividend income will increase by $501.20 to $501.20.
I own 70 shares of APD at an average cost basis of $245.94 per share. Following this increase, my yield on cost is 2.91%. (APD's forward yield is 2.17% at $329.26 per share).
Since opening my position in December 2018, the stock has generated a total return of 29%, including $955.48 in dividend income. That's an impressive annualized rate of return of 15.5%!
APD became DivGro's 25th Home Run stock in November 2020, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $5.36 | $6.00 | $6.48 | $7.00 | $7.08 | ⬆ | $7.14✝ |
| 15.52% | 11.94% | 8.00% | 8.02% | 1.14% | ⬇ | 0.85% |
| 5-year DGR: | 8.82% | ⬇ | 5.90% | |||
✝projected, assuming no further changes
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