A. O. Smith Raises Quarterly Dividend to $0.38 Per Share
A. O. Smith Corporation has increased its quarterly cash dividend by 6% to $0.38 per share. The dividend payment is scheduled for November 16.
Milwaukee, WI – A. O. Smith Corporation announced that its board of directors has approved a 6% increase in the company's quarterly cash dividend rate, raising it to $0.38 per share. The decision impacts both the company's Common Stock and Class A Common Stock.
The dividend is scheduled to be paid on Monday, November 16, to shareholders of record as of Friday, October 30. This marks a continuation of the company's established practice of returning value to shareholders.
"This dividend increase reflects our confidence in the strength of our business and our commitment to delivering long-term value for shareholders," stated CEO Steve Shafer. He highlighted the company's track record of more than 30 consecutive years of dividend increases as evidence of its business resilience and cash generation capabilities.
A. O. Smith, headquartered in Milwaukee, Wisconsin, is a global manufacturer specializing in residential and commercial water heating equipment, boilers, and water treatment products. The company is listed on the New York Stock Exchange under the ticker symbol AOS.