Air Products initiates $500 Million Share Repurchase Program
"Air Products continues to take steps to return cash to our shareholders while investing strategically in our growth businesses to further build our leadership positions," said John P. Jones, chairman and chief executive officer. "The combination of the share repurchase and the dividend increase reflects strong earnings and cash flows driven by our stable businesses, the growth markets and geographies we serve, and our capital discipline."
The company currently expects that the majority of its share repurchase program will be completed during calendar 2005, subject to market conditions.
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