Praxair Achieves Dividend Aristocrat Status; Declares 25th Consecutive Annual Dividend Increase in First Quarter 2018
January 25, 2018
DANBURY, Conn., January 25, 2018 – The board of directors of Praxair, Inc. (NYSE: PX) has declared a 5% increase in the company’s quarterly dividend to 82.50 cents per share, payable on March 15, 2018, to common shareholders of record as of March 7, 2018.
“With a focused business strategy and solid execution, we were able to generate record free cash flow in 2017 and this dividend increase reflects our confidence in our ability to sustain strong cash flow throughout economic cycles,” said Chairman and Chief Executive Officer Steve Angel. “Praxair is proud to have been added to the S&P 500 Dividend Aristocrats Index, recognizing 25 straight years of dividend increases.”
Praxair, Inc. is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2017 sales of $11 billion, the company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 15 consecutive years. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. For more information about the company, please visit our website at www.praxair.com.