Airgas Increases First Quarter Dividend by 25%
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259 No. Radnor-Chester Rd.
Radnor, PA, 19087
Press release date: May 3, 2012
RADNOR, PA - May 3, 2012 - Airgas, Inc. (NYSE: ARG) today announced that the Board of Directors increased the quarterly cash dividend on the company's common stock by 25%, from $0.32 per share to $0.40 per share. The dividend will be payable on June 29, 2012 to shareholders of record as of June 15, 2012.
"Fiscal 2012 was another tremendous year for Airgas and its shareholders, highlighted by record earnings and very strong cash flow," said Airgas Chairman and Chief Executive Officer Peter McCausland. "The financial strength of our business and our outstanding future prospects enable us to increase our dividend while continuing to fund our long-term growth strategies."
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 a leading U.S. producer of atmospheric gases, carbon dioxide, dry ice, and nitrous oxide, one of the largest U.S. distributors of safety products, and a leading U.S. distributor of refrigerants, ammonia products, and process chemicals. More than 15,000 employees work in approximately 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets 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.