Quarterly Dividend Increased to $0.30 per Share


Milwaukee, Wis. On Wednesday, October 12, 2022, the board of directors of A. O. Smith Corporation (NYSE: AOS) approved a 7% increase in the company’s quarterly cash dividend rate to $0.30 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 31, 2022.

“This dividend increase reflects our confidence in the stability in our replacement demand inherent in our water heating and boiler businesses, as well as our focus on returning capital to shareholders,” said Kevin J. 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 15%, and that we have increased our dividend each year for over 25 years.”