A.O. Smith Keeps Dividend Steady

Home water heating specialist A.O. Smithannounced today its third-quarter dividend of $0.12 per share, the same rate it's paid for the past two quarters after raising the payout 20% from a split-adjusted $0.10 per share. After it raised the dividend, A.O. Smith then split its stock 2-for-1.

The board of directors said the quarterly dividend is payable on November 15 to holders of record at the close of business on October 31. The water heating specialist has made payouts to investors for 73 consecutive years.

The regular dividend payment equates to a $0.48-per-share annual dividend, yielding 1.1% based on the closing price today of A.O. Smith's stock.


AOS Dividend Chart

AOS Dividend data by YCharts.

The article A.O. Smith Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.