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Air Products and Chemicals

AirProductsChemicals185Dividend Yield: 3%
P/E: 19.25

Air Products & Chemicals (APD) gives the world gas, but don’t worry — we’re mostly the better for it.

APD serves customers in the food, beverage, healthcare and energy industries, supplying gasses like helium, nitrogen and oxygen, as well as specialty products like epoxies and polyurethane adhesives. Not sexy.

What will open your eyes is that Air Products ranks among our Dependable Dividend Stocks — is a true dividend champion, having raised raising its dividend every year for more than three decades.

Despite a recent earnings blip in 2012, APD remains the global leader in its field servicing critical, growing industries like liquified natural gas and flat-panel displays — in other words, this is a company that hasn’t just rested on older technologies, but one that keeps finding a way to still be relevant … even necessary.

The company’s current cash situation is fine, too, with $400 million in the bank as of the most recent quarter and levered free cash flow of $520 million in the trailing 12 months.

Expect ADP to continue its streak of making investors a little happier year after year.

Article printed from InvestorPlace Media,

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