Milwaukee, Wis.— Directors of A. O. Smith Corporation (NYSE: AOS) today approved an eight percent increase in the company’s quarterly cash dividend rate to $0.28 per share. The dividend increase affects the company’s Common Stock and Class A Common Stock.
The dividend is payable on November 15 to shareholders of record October 29.
“Our dividend increase today reflects our confidence in the large, stable replacement demand inherent in our water heating business, as well as our focus on returning capital to shareholders,” said Kevin Wheeler, chairman and chief executive officer. “We are proud to say the five-year compound annual growth rate of our dividend rate is more than 17 percent, and that we have increased our dividend each year for over 25 years.”
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A. O. Smith ProLine water heaters are available through local plumbing contractors across the country.For more information about ProLine water heaters and installation options, visit www.hotwater.com.View ProLine
A. O. Smith Signature Series water heaters are exclusively available through Lowe's.For more information about Signature Series water heaters and installation options, visit www.aosmithatlowes.com.View Signature Series
A. O. Smith's water treatment line is available exclusively at Lowe's.For more information about our water treatment products, including water filters and softeners, visit www.aosmithatlowes.com.
The A. O. Smith Pro exclusive line, including water filtration and softening, is available through local wholesalers across the country.
For more information about our products, visit www.aosmith.com/watertreatment.
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