increased the quarterly cash dividend on the common stock to $0.18 per share from $0.16, payable June 30, 2009 to shareholders of record as of June 15, 2009.

Increased its quarterly dividend by 13 percent

Finally, Cramer's "very bullish" on Airgas(ARG), and he said both Schlumberger (SLB) and Transocean (RIG) work.

dividends

33%

Accumulate -- Price 59.09 on Aug. 25
by The Buckingham Research Group

Reiterating Buy, with a 72 target: 18.5 times forward-year EPS -- in line with peers. ARG has grown EPS [by nearly] 20% the past five- to- 20 years, and had no quarters with down EPS or volumes during "02 recession... . Investors looking to avoid ... volatility should look to Airgas. Industrial gases are among the most consistent chemical performers, since they are not based on petroleum, are difficult for customers to inventory and serve a very broad set of end markets. Market cap: $5 billion.

From a recent Mad Money show:


"This company makes a lot of the gases needed to get oil out of the ground. That's a fabulous business and is not levered to the price of oil."

From a recent Mad Money show:

"This company makes a lot of the gases needed to get oil out of the ground. That's a fabulous business and is not levered to the price of oil."

Cramer Interviews Airgas CEO
In this May 8 'Mad Money' clip Jim Cramer and Peter McCausland discuss how his company reported another great quarter.

Click here to watch the video.

Airgas Inc. has reinstated a share repurchase plan after suspending it to finalize and integrate an acquisition it made.

The plan, which authorizes the repurchase of up to $150 million of Airgas common stock, was put on hold while the Radnor, Pa., company completed the acquisition of Linde AG's U.S. bulk and packaged gas assets. Airgas had bought $13 million worth of stock under the authorization before suspending the buyback program.
Airgas has about 82.6 million outstanding shares. The company is the largest U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment.

The stock trades for 8x cash flow.