May 20, 2009 (FinancialWire) — Airgas, Inc. (NYSE: ARG) board has increased the company’s quarterly cash dividend on the company’s common stock to $0.18 per share, from $0.16. The dividend will be payable June 30 to shareholders of record as of June 15.

Airgas chairman and chief executive officer Peter McCausland said, “This dividend increase is a way to reward our shareholders in a tough environment.”

Radnor, Pennsylvania-based Airgas is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies.

The company is also a distributor of safety products, a producer of nitrous oxide and dry ice, a liquid carbon dioxide producer in the Southeast, and a distributor of process chemicals, refrigerants, and ammonia products.

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