A. O. Smith Corporation (AOS) to Distribute Quarterly Dividend of $0.38 on November 16th

A. O. Smith Corporation (NYSE:AOS) declared a quarterly dividend on Monday, October 12th. Investors of record on Friday, October 30th will be given a dividend of $0.38 per share by the industrial products company on Monday, November 16th. This represents a $1.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 30th. This is a 5.6% increase from A. O. Smith’s previous quarterly dividend of $0.36.

A. O. Smith has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 31 years. A. O. Smith has a payout ratio of 36.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect A. O. Smith to earn $4.04 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 37.6%.

A. O. Smith Stock Up 0.3%

Shares of AOS opened at $62.09 on Wednesday. The firm’s fifty day simple moving average is $58.97 and its two-hundred day simple moving average is $63.67. A. O. Smith has a 12 month low of $54.16 and a 12 month high of $81.86.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $994.89 million. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. On average, equities research analysts predict that A. O. Smith will post 3.72 earnings per share for the current year.

About A. O. Smith

A. O. Smith Corporation is a manufacturer of water heating and water treatment products for residential, commercial and industrial customers. Its portfolio includes gas and electric storage water heaters, tankless water heaters, boilers, heat pump water heaters, water filtration systems, water softeners and reverse-osmosis products.

The company markets products under the A. O. Smith brand and other regional brands, serving applications ranging from homes and apartments to hotels, hospitals, schools, manufacturing facilities and other commercial properties.