LEHIGH VALLEY, Pa., March 20 /PRNewswire-FirstCall/ -- The Board of Directors of Air Products (NYSE: APD) today increased the quarterly dividend on the company's common stock to 44 cents per share from 38 cents, an increase of 16 percent.

The dividend is payable on May 12, 2008 to shareholders of record at the close of business on April 1, 2008. This marks the 26th consecutive year that Air Products has increased its dividend payment.

Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit www.airproducts.com.

***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

SOURCE Air Products

Source: PR Newswire (March 20, 2008 - 1:52 PM EDT)

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