MILWAUKEE, Oct. 7, 2024
/PRNewswire/ -- On Monday, October 7,
2024, the board of directors of A. O. Smith Corporation
(NYSE: AOS) approved a 6% increase in the company's quarterly
cash dividend rate to $0.34 per
share. The dividend increase affects the company's Common Stock and
Class A Common Stock.
A. O. Smith announces quarterly
dividend.
The dividend is payable on Friday,
November 15 to shareholders of record October 31, 2024.
"This dividend increase reflects our commitment within our
capital allocation strategy of consistently 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 approximately 8%, and that we have increased our dividend
each year for over 30 years."
About A. O. Smith
Celebrating its 150th
year of business, A. O. Smith Corporation, headquartered in
Milwaukee, Wis., is a global
leader applying innovative technology and energy-efficient
solutions to products manufactured and marketed worldwide. Listed
on the New York Stock Exchange (NYSE: AOS), the Company is one of
the world's leading manufacturers of residential and commercial
water heating equipment and boilers, as well as a manufacturer of
water treatment products. For more information, visit
www.aosmith.com.
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SOURCE A. O. Smith Corporation