AAON, Inc. (AAON) Declares $0.11 Semi-Annual Dividend; 1.1% Yield; Approves $25M Stock Buyback

AAON, Inc. (NASDAQ: AAON) declared a semi-annual dividend of $0.11 per share, or $0.22 annualized.

The dividend will be payable on December 23, 2015, to stockholders of record on December 2, 2015, with an ex-dividend date of November 30, 2015.

The annual yield on the dividend is 1.1 percent.

The Board also authorized $25 million for use under the Company's stock buyback program. Under the terms of the stock buyback program, the Company will repurchase shares from time to time in the open market or through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchased shares will be restored to the status of authorized but unissued stock.

Norman H. Asbjornson, AAON President and CEO, said, "We are pleased our strong capital position and significant free cash flow continues to allow us to return value to our stockholders through cash dividends and share repurchases."

For a dividend history and other dividend-related data on AAON, Inc. (AAON) click here.

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