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Airgas Increases Fourth Quarter Dividend by 22%, Full Year Dividends Up 36% |
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Airgas Increases Fourth Quarter Dividend by 22%, Full Year Dividends Up 36%
RADNOR, PA – January 28, 2010 -- Airgas, Inc. (NYSE: ARG) today announced that the Board of Directors increased the quarterly cash dividend on the company’s common stock by 22%, from $0.18 per share to $0.22 per share, payable March 31, 2010 to shareholders of record as of March 15, 2010. This is the Company’s fifth dividend increase in the past three years, and will result in a 36% increase in dividends per share paid during fiscal 2010 compared to fiscal 2009.
“We have performed well in a tough environment. Expanding cash flow and resilient earnings allow us to raise our dividend as we fund our growth strategies,” said Airgas Chairman and Chief Executive Officer Peter McCausland. “We are committed to enhancing shareholder value and are confident in our long-term growth prospects, financial strength, and operating performance.”
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.
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For more information on Airgas, please visit .
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