AAON, Inc. (NASDAQ:AAON) Declares $0.10 Quarterly Dividend

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.10 per share by the construction company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th.

AAON has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. AAON has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AAON to earn $3.42 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.7%.

AAON Stock Performance

Shares of NASDAQ AAON opened at $133.94 on Tuesday. The company has a market cap of $10.97 billion, a PE ratio of 93.66, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. AAON has a 12 month low of $62.00 and a 12 month high of $149.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The company has a 50-day simple moving average of $95.68 and a 200-day simple moving average of $92.54.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 54.3% on a year-over-year basis. On average, equities analysts anticipate that AAON will post 2.23 earnings per share for the current year.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.