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

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Wednesday, November 26th will be paid a dividend of 0.10 per share by the construction company on Thursday, December 18th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, November 26th.

AAON has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. AAON has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AAON to earn $2.93 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 13.7%.

AAON Stock Down 1.8%

Shares of NASDAQ AAON opened at $102.04 on Thursday. AAON has a 1 year low of $62.00 and a 1 year high of $142.20. The firm has a 50-day simple moving average of $95.36 and a two-hundred day simple moving average of $88.69. The company has a market cap of $8.32 billion, a P/E ratio of 69.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%.The firm had revenue of $322.05 million for the quarter. Research analysts anticipate that AAON will post 2.26 earnings per share for the current year.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.