AAON, Inc. (NASDAQ:AAON) Announces Quarterly Dividend of $0.10

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Thursday, August 13th. Stockholders 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) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th.

AAON has raised its dividend by an average of 0.1%annually over the last three years and has increased 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 Stock Performance

NASDAQ AAON traded up $2.44 during trading on Thursday, hitting $87.67. 1,738,682 shares of the company’s stock traded hands, compared to its average volume of 1,051,777. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.34 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The business has a 50 day moving average of $112.99 and a 200-day moving average of $105.76. AAON has a 12-month low of $73.19 and a 12-month high of $150.46.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The business had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.86%. AAON’s revenue was up 101.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. As a group, equities research analysts anticipate that AAON will post 2.3 earnings per share for the current fiscal 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.