AAON, Inc. (AAON) to Issue Quarterly Dividend of $0.10 on September 25th

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, September 4th will be paid a dividend of 0.10 per share by the construction company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th.

AAON has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. AAON has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AAON to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.6%.

AAON Price Performance

Shares of AAON stock opened at $87.80 on Friday. The company’s fifty day simple moving average is $110.97 and its two-hundred day simple moving average is $105.59. AAON has a 12-month low of $73.19 and a 12-month high of $150.46. The firm has a market cap of $7.24 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The company has a quick ratio of 1.75, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The company had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm’s revenue for the quarter was up 101.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, equities analysts expect that AAON will post 2.3 EPS for the current year.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.