DANBURY, Conn., January 26, 2017 – The board of directors of Praxair, Inc. (NYSE: PX) has declared a 5% increase in the company’s quarterly dividend to 78.75 cents per share, payable on March 15, 2017, to common shareholders of record as of March 7, 2017. The ex-dividend date is March 3, 2017.
“Our employees continued to execute on our core business strategy in 2016, driving free cash flow to a record level,” said Chairman and Chief Executive Officer Steve Angel. “As a result, we are proud to announce a five percent increase in our dividend, making this our 24th consecutive annual increase.”
Praxair, Inc., a Fortune 300 company with 2016 sales of $11 billion, is a leading industrial gas 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.
Susan Szita Gore