DANBURY, Conn.--(BUSINESS WIRE)--The board of directors of Praxair, Inc. (NYSE:PX) has declared a 10% increase in the company’s quarterly dividend to 71.5 cents per share, payable on March 16, 2015, to common shareholders of record as of March 6, 2015.
“Praxair’s ability to increase its annual dividend for the twenty-second consecutive year is a direct result of our disciplined approach to capital investments and our commitment to drive strong operating cash flow,” said Chairman, President and Chief Executive Officer Steve Angel.
Praxair, Inc., a Fortune 250 company with 2014 sales of $12.3 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. More information about Praxair, Inc. is available at www.praxair.com.