A.O. Smith hikes dividend by 9.1%
Dividend Aristocrat A.O. Smith Corporation (AOS) will raise its quarterly dividend by 9.1 percent to $0.24 per share in 2019. Last year AOS hiked its dividend twice for a total increase of 57.1 percent.
The next dividend is payable on November 15, 2019 to shareholders of record October 31, 2019. A new annual rate of of 96 cents per share yields 2.0% at a stock price of $47.99.
"A. O. Smith values its shareholders and works hard to ensure they are rewarded for investing in our company," said Kevin Wheeler, president and chief executive officer. "We are proud to say the five-year compound annual growth rate of our dividend is more than 24 percent."
A. O. Smith Corporation is manufacturer of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products for residential and light commercial applications. In North America, A.O. Smith also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The company is headquartered in Milwaukee, WI, and has operations in the U.S., Canada, China, India, Mexico, the Netherlands, Turkey, the United Kingdom and Vietnam. A. O. Smith Corporation has paid cash dividends on its common stock every year since 1940.
The next dividend is payable on November 15, 2019 to shareholders of record October 31, 2019. A new annual rate of of 96 cents per share yields 2.0% at a stock price of $47.99.
"A. O. Smith values its shareholders and works hard to ensure they are rewarded for investing in our company," said Kevin Wheeler, president and chief executive officer. "We are proud to say the five-year compound annual growth rate of our dividend is more than 24 percent."
A. O. Smith Corporation is manufacturer of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products for residential and light commercial applications. In North America, A.O. Smith also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The company is headquartered in Milwaukee, WI, and has operations in the U.S., Canada, China, India, Mexico, the Netherlands, Turkey, the United Kingdom and Vietnam. A. O. Smith Corporation has paid cash dividends on its common stock every year since 1940.
