Airgas Boosts Dividend 9%

(RTTNews) - Airgas, Inc. (ARG) said Tuesday that its Board of Directors has increased the quarterly cash dividend on the company's common stock by 9%, from $0.55 per share to $0.60 per share.

The dividend will be payable on June 30 to shareholders of record as of June 15.

"Our strong cash flow and liquidity position allow us to increase dividends and execute our strategic plans. We've grown our dividend at a compounded annual rate of 27% since its inception in fiscal 2004 through fiscal 2015," said Airgas Executive Chairman Peter McCausland. "This announced dividend action reflects our confidence in the strength of the Airgas organization and the long term fundamentals of our business."