A. O. Smith (AOS) declares $0.24 per share quarterly dividend, 9.1% increase from prior dividend of $0.22. This marked the 27th consecutive year of dividend growth for the company. The dividend will be payable November 15, 2019, for shareholders (Record date: October 31, 2019)
The current dividend yield hovers around 2.0%, the payout ratio is 42.4%. The dividend growth rate is fast, given the 12% CAGR over the last 3 years.
A.O. Smith is a global manufacturer of residential and commercial water heating equipment, as well as water treatment and air purification products.