Dividend Aristocrats Spotlight 08

arrows-left arrows-right

Dividend Aristocrats Spotlight: Air Products

Dividend Aristocrats Spotlight | May 19, 2023

Blasting off in 1981, the Space Shuttle program propelled humanity ever closer to the cosmos. Powering each launch for the following three decades was a blend of liquid oxygen and liquid hydrogen, with the latter supplied by Air Products (NYSE: APD), an industrial gases company established in 1940 that serves energy, environmental and emerging markets. In 1983, the company began a streak of annual dividend increases that has spanned four decades and continues to this day. The company has earned its place among the Dividend Aristocrats—a select group of S&P 500 companies with at least 25 consecutive years of dividend growth.

Now a global market leader, Air Products provides hydrogen, helium, and technology and equipment for processing liquefied natural gas to diverse industries, including beverages, healthcare and semiconductors. With over 50% of its revenue generated outside North America,1 the company has consistently grown its earnings by 11% per year over the past decade, fueling its mission to create shareholder value through average annual dividend increases of 10%.2

To maintain its market leadership, APD has already committed $11 billion to be deployed over the next four years toward the renewable energy transition.3 APD is gearing up to meet the massive potential demand for clean hydrogen. It has a keen focus on blue and green hydrogen, which are clean forms of hydrogen produced using carbon capture technology. Turning its earnings power into innovation, Air Products is well on its way to delivering long-term shareholder value.

Source: Bloomberg. Data from 9/29/89 to 12/31/22.

Air Products is a great example of what it means to be an S&P 500 Dividend Aristocrat. Explore all the companies in the S&P 500 Dividend Aristocrats Index with the ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

1Source: FactSet, as of September 2022.
2Source: Air Products Q1 FY23 Earnings Conference Call. Fiscal year 2014 to 2023 guidance.
3Source: Air Products Investor Relations, as of February 2023.

Learn More

NOBL

S&P 500 Dividend Aristocrats ETF

Seeks investment results, before fees and expenses, that track the performance of the S&P 500® Dividend Aristocrats® Index.

Get the latest perspectives and updates.

Holdings are subject to change. As of 5/12/23, NOBL included a 1.46% allocation to Air Products & Chemicals Inc.

This is not intended to be investment advice. Any forward-looking statements herein are based on expectations of ProShare Advisors LLC at this time.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see the summary and full prospectuses for a more complete description of risks.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "S&P 500® Dividend Aristocrats® "Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Dividend Aristocrats Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.