A.O. Smith hikes dividend by 6.7% to $0.32 quarterly per share

On October 9, 2023, Dividend Aristocrat A.O. Smith Corporation (AOS) declared a new quarterly dividend of 32 cents per share, up 6.7% from the previous quarterly dividend by the boiler and water products maker. A.O. Smith has now raised the dividend 30 straight years. The new dividend yield for AOS is 1.8% at a stock price of $69. The next ex-dividend date for AOS is October 30, 2023.

A. O. Smith Corporation is manufacturer of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products for residential and light commercial applications. In North America, A.O. Smith also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The company is headquartered in Milwaukee, WI, and has operations in the U.S., Canada, China, India, Mexico, the Netherlands, Turkey, the United Kingdom and Vietnam. A. O. Smith Corporation has paid cash dividends on its common stock every year since 1940.