Reported Earlier, A. O. Smith Raised Its Quarterly Dividend By 6% To $0.34/Share, Payable November 15
Portfolio Pulse from Benzinga Newsdesk
A. O. Smith has announced a 6% increase in its quarterly dividend, raising it to $0.34 per share. The dividend will be payable on November 15 to shareholders recorded by October 31, 2024.
October 08, 2024 | 5:02 am
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A. O. Smith has raised its quarterly dividend by 6% to $0.34 per share, indicating a positive outlook and potential shareholder value increase.
The increase in dividend suggests A. O. Smith's confidence in its financial health and future cash flows, which is generally perceived positively by investors. This could lead to a short-term increase in stock price as it reflects a commitment to returning value to shareholders.
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