March 19, 2010 (FinancialWire) — The board of directors of Air Products (NYSE: APD) have increased the quarterly dividend on the company's common stock to 49 cents per share from 45 cents.

The dividend is payable on May 10, 2010 to shareholders of record at the close of business on April 1, 2010.

This marks the 28th consecutive year that Air Products has increased its dividend payment.

Pennsylvania-based Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services.

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