APD (Air Products and Chemicals) Dividend Payout Ratio: 0.56 (As of Mar. 2026) — Near Median

What is Air Products and Chemicals Dividend Payout Ratio?

Air Products and Chemicals APD +0.43% 79 Dividend Payout Ratio is 0.56 as of Mar. 2026, which is 7% below its 10-year median of 0.60. GuruFocus rates APD with a GF Score™ of 79/100 and a GF Value™ of $283.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 908 Chemicals companies, Air Products and Chemicals ranks worse than 71.92% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Air Products and Chemicals's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.56.

The historical rank and industry rank for Air Products and Chemicals's Dividend Payout Ratio or its related term are showing as below:

APD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.6 Max: 7.16
Current: 0.56

During the past 13 years, the highest Dividend Payout Ratio of Air Products and Chemicals was 7.16. The lowest was 0.56. And the median was 0.60.

APD's Dividend Payout Ratio is ranked worse than
71.92% of 908 companies
in the Chemicals industry
Industry Median: 0.36 vs APD: 0.56

As of today (2026-06-25), the Dividend Yield % of Air Products and Chemicals is 2.62%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Air Products and Chemicals was 3.18%. The lowest was 1.66%. And the median was 2.39%.

Air Products and Chemicals's Dividends per Share for the months ended in Mar. 2026 was $1.81.

During the past 12 months, Air Products and Chemicals's average Dividends Per Share Growth Rate was 1.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Air Products and Chemicals was 17.70% per year. The lowest was 3.90% per year. And the median was 9.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Air Products and Chemicals (NYSE:APD) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Air Products and Chemicals Dividend Payout Ratio Related Terms

Air Products and Chemicals Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Air Products and Chemicals's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Products and Chemicals Dividend Payout Ratio Chart

Air Products and Chemicals Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Dividend Payout Ratio

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0.65

0.62

0.60

0.57

0.59

Air Products and Chemicals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.71	0.58	0.53	0.57	0.56

APD vs ECL, SHW, PPG: Dividend Payout Ratio Comparison

For the Specialty Chemicals subindustry, Air Products and Chemicals's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Air Products and Chemicals Dividend Payout Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Air Products and Chemicals's Dividend Payout Ratio falls into.

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79GF Score

Air Products and Chemicals Inc APD

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Air Products and Chemicals Dividend Payout Ratio Calculation

Air Products and Chemicals's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2025 )	/	EPS without NRI (A: Sep. 2025 )
	=	7.14	/	12.03
	=	0.59

Air Products and Chemicals's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	1.81	/	3.21
	=	0.56

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.56 mean?

Air Products and Chemicals (APD) has a Dividend Payout Ratio of 0.56 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Air Products and Chemicals and its competitors. This is near median its historical median of 0.60. Over the past decade, Air Products and Chemicals' Dividend Payout Ratio has ranged from 0.56 to 7.16. According to the industry distribution chart, Air Products and Chemicals ranks #653 out of 908 companies in the Chemicals industry, placing it in the top 71.9%.

Is Air Products and Chemicals' Dividend Payout Ratio too high?

Air Products and Chemicals' current Dividend Payout Ratio of 0.56 is near median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 7.16. The Chemicals industry median Dividend Payout Ratio is 0.36. Air Products and Chemicals' value of 0.56 is 55.6% above this industry median. Based on the distribution chart, Air Products and Chemicals ranks #653 out of 908 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Products and Chemicals has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Air Products and Chemicals' Dividend Payout Ratio compare to ECL and SHW?

According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #653 out of 908 companies for Dividend Payout Ratio. This places Air Products and Chemicals in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. Air Products and Chemicals' value of 0.56 is 55.6% above this benchmark. Historically, Air Products and Chemicals' own Dividend Payout Ratio has ranged from 0.56 to 7.16 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.36, Air Products and Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Chemicals company?

The median Dividend Payout Ratio among Chemicals companies is 0.36, based on 908 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Products and Chemicals's current Dividend Payout Ratio of 0.56 is 55.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Products and Chemicals's current Dividend Payout Ratio is 0.56, which is near median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Air Products and Chemicals stock overvalued right now?

Based on GuruFocus' analysis, Air Products and Chemicals (APD) is currently considered Fairly Valued. The stock's GF Value™ is $283.79, compared to a current price of $279.93 — trading 1.4% below its estimated fair value. The current Dividend Payout Ratio is 0.56, which is near median its 10-year median of 0.60 and 55.6% above the Chemicals industry median of 0.36. Air Products and Chemicals' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current Dividend Payout Ratio is 0.56 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Products and Chemicals (APD) Overvalued in 2026?

Based on GuruFocus' analysis, Air Products and Chemicals stock appears to be undervalued. The current stock price of $279.93 is trading 1.4% below its estimated GF Value™ of $283.79. GuruFocus considers Air Products and Chemicals to be Fairly Valued.

Key valuation signals for APD:

Dividend Payout Ratio: 0.56 (near median its 10-year median of 0.60)
GF Value™: $283.79 vs. price of $279.93 (1.4% below fair value)
GF Score™: 79/100 with 5 warning signs
Industry Position: 55.6% above the Chemicals median (#653 of 908)

No single metric tells the full story. See the APD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Air Products and Chemicals Business Description

Industry Basic Materials Chemicals

Comparable Companies ECL SHW PPG LYB ALB DD IFF RPM SOLS WLK LIN XPAR:AI XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B SHSE:603256 BOM:500820 TPE:1303

Other Exchanges 0HBH:UK AP3:Germany A1PD34:Brazil APCD:Austria

Address 1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500

Website https://www.airproducts.com

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.

79GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$279.93

Price

$283.79

GF Value

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