A O Smith Corp Announces Quarterly Dividend and Prepares for Product Launch
A O Smith Corp, a leading manufacturer of water heating and treatment equipment, has declared a quarterly dividend of $1.30 per share. This represents a 6.56% increase from the previous year, with a total payout of $190.4 million. The dividend payout has increased by 3.76% compared to the previous year.
Stock Price Update
As of April 8, 2025, the company’s stock price has declined to $59.63 per share. This represents a 31.04% decrease from the same time last year.
Product Launch
A O Smith Corp is preparing to launch its third-generation SiC product line. The new product line aims to enhance switching speeds and reliability.
Company Overview
A O Smith Corp has a strong track record of innovation and energy efficiency. Its products are distributed globally, and the company remains a significant player in the building products industry. The decline in its stock price has impacted the company’s market value.
Key Statistics
- Quarterly dividend: $1.30 per share
- Total dividend payout: $190.4 million
- Increase in dividend payout: 3.76% compared to the previous year
- Stock price as of April 8, 2025: $59.63 per share
- Decrease in stock price: 31.04% compared to the same time last year