12 Best Industrial Dividend Stocks to Invest in Now

6. Air Products and Chemicals, Inc. (NYSE:APD)

Number of Hedge Fund Holders: 60

Air Products and Chemicals, Inc. (NYSE:APD) is an American multinational company that specializes in industrial gases, performance materials, and related equipment and services. In fiscal Q1 2025, the company’s revenue totaled $2.9 billion, reflecting a 2% decline from the previous year. This decrease was primarily due to a 2% drop in sales volume and a 1% negative currency impact, which were partially offset by a 1% increase in pricing. The decline in volume was largely driven by the sale of the LNG business in September 2024 and lower contributions from on-site and merchant operations in Europe. However, these factors were partially mitigated by a one-time, large helium sale to an existing merchant customer in the Americas. The LNG divestiture alone accounted for roughly a 2% impact on sales.

Air Products and Chemicals, Inc. (NYSE:APD) is among the largest global suppliers of merchant hydrogen and a key player in hydrogen fuel infrastructure. With over 100 hydrogen plants, it has the capacity to produce 7 million kilograms of fuel per day. The company aims to be at the forefront of addressing global energy and environmental challenges by focusing on gasification, carbon capture, and clean hydrogen. It is currently working on several large-scale hydrogen projects expected to be completed in the coming years. One of its major investments includes a $4.5 billion project in Louisiana to develop the world’s largest blue hydrogen facility. Once operational, the facility is projected to capture and permanently store over 5 million metric tons of carbon dioxide annually.

Air Products and Chemicals, Inc. (NYSE:APD) generated over $811 million in operating cash flow in the most recent quarter, up from $626.6 million in the prior year period. The company offers a quarterly dividend of $1.79 per share, having raised it by 1.1% in January. This marked the company’s 43rd consecutive year of dividend growth, which makes it one of the best industrial stocks that pay dividends. ADP supports a dividend yield of 2.08%, as of March 17.