The A. O. Smith Corp. (AOS) Monday said its Board of Directors have approved a 20 percent increase in the company's quarterly cash dividend to $0.24 per share.
The Board has also approved a plan to split the company's stock two-for-one in the form of a 100 percent stock dividend, payable to class A stockholders.
The cash dividend is payable May 14, to shareholders on record April 29. The cash dividend will be paid on the basis of the pre-split shares.
Meanwhile, the stock dividend is payable May 15, to shareholders on record April 30. Class A shareholders will receive one additional share of such class of stock for every share they own as of the record date.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.