A. O. Smith (AOS) Increases Quarterly Dividend to $.19 Per Share
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Directors of A. O. Smith Corporation (NYSE: AOS) today announced a 5.5% increase in the company's quarterly cash dividend to a rate of $.19 per share.
The increased dividend will apply to both Common Stock and Class A Common Stock and is payable on Aug. 15 to shareholders of record July 31.
This is the sixth time in the last seven years that the company has increased its quarterly dividend and follows last year's record-setting net earnings of $2.85 per share.
A. O. Smith Corporation, with 2007 sales of $2.3 billion, is a global leader applying innovative technology and energy-efficient solutions to products marketed worldwide.
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