Air Products & Chemicals (APD) Yet to Change Track to Bullish Zone
By Mark Moneymaster
March 18, 2010 11:26 AM
March 18, 2010 11:26 AM
Symbols: APD
Air Products and Chemicals Inc.(NYSE: APD) announced that that its board had raised the company's quarterly dividend to 49 cents a share from 45 cents. The dividend is payable to shareholders of record as of April 1.
The news on increased dividend payout in Air Products and Chemicals Inc. (APD), however, was largely ignored by traders, as the large-cap stock continues to have a low dividend yield. Air Products & Chemicals Inc. (APD) is yet to breach its 50 day MA and 200 day MA, and may turn bullish, once it breaches above $75 level.
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