EX-Dividend Schedule: Praxair Has Increased its Dividend for 13 Years in a Row; Will Trade Ex-Dividend on June 6, 2018

LONDON, UK / ACCESSWIRE / June 5, 2018 / Active-Investors has a free review on Praxair, Inc. (NYSE: PX) following the Company’s announcement that it will begin trading ex-dividend on June 06, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PX:

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Dividend Declared

On April 19, 2018, Praxair’s Board of Directors declared a quarterly dividend of $0.825 per share, unchanged from the previous quarter. The dividend is payable on June 15, 2018, to shareholders of record on June 07, 2018.

Praxair’s indicated dividend represents a yield of 2.09% compared to the average dividend yield of 2.22% for the Basic Materials sector. The Company has raised its dividend for thirteen consecutive years.

Dividend Insights

Praxair has a dividend payout ratio of 48.8%, which indicates that the Company spends approximately $0.49 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Praxair is forecasted to report earnings of $7.39 per share for the next year, which is more than double compared to the Company’s annualized dividend payout of $3.30 per share.

During Q1 2018, Praxair generated operating cash flow of $688 million which included $65 million of foreign withholding tax payments. Capital expenditures were $325 million, dividends paid were $237 million, and the Company decreased net debt by $86 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Praxair

On May 04, 2018, Linde PLC announced that the waiting period under the Competition Act (Canada) with respect to the proposed business combination between Praxair, and Linde AG expired on May 03, 2018, satisfying a closing. In accordance with the Competition Act (Canada), the Competition Bureau is continuing to review the proposed business combination, and the parties are assisting with that ongoing review.

Linde PLC was formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.

Completion of the business combination remains subject to approval by requisite governmental regulators and authorities under applicable competition laws. The business combination is expected to be completed in the second half of 2018.

About Praxair, Inc.

Praxair is a leading industrial gas company in North and South America and one of the largest worldwide. With market capitalization of approximately $40 billion and 2017 sales of $11 billion, the Company employs over 26,000 people globally and has been named to the Dow Jones® World Sustainability Index for 15 consecutive years.

Praxair produces, sells, and distributes atmospheric, process and specialty gases, and high-performance surface coatings.

Stock Performance Snapshot

June 01, 2018 – At Monday’s closing bell, Praxair’s stock marginally declined 0.17%, ending the trading session at $157.53.

Volume traded for the day: 641.20 thousand shares.

Stock performance in the last month – up 3.07%; previous three-month period – up 3.14%; past twelve-month period – up 15.31%; and year-to-date – up 1.84%

After yesterday’s close, Praxair’s market cap was at $45.29 billion.

Price to Earnings (P/E) ratio was at 26.65.

The stock has a dividend yield of 2.09%.

The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was up 1.0% at the end of the session.

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