AAON, Inc. (NASDAQ:AAON) Stock to Pay Quarterly Dividend of $0.10

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.10 per share by the construction company on Thursday, December 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 25th.

AAON has increased 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AAON to earn $3.56 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 11.2%.

AAON Price Performance

Shares of NASDAQ AAON opened at $75.01 on Wednesday. AAON has a twelve month low of $53.13 and a twelve month high of $150.46. The firm has a fifty day simple moving average of $76.71 and a 200 day simple moving average of $96.71. The company has a market capitalization of $6.18 billion, a PE ratio of 31.52, a P/E/G ratio of 1.17 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last released its earnings results on Monday, November 9th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.26. AAON had a net margin of 8.75% and a return on equity of 20.97%. The business had revenue of $707.43 million for the quarter, compared to analyst estimates of $601.19 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. AAON’s revenue for the quarter was up 84.1% on a year-over-year basis. On average, sell-side analysts forecast that AAON will post 2.35 EPS for the current year.

About AAON

AAON, Inc. designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial buildings. Founded in 1988, the company is headquartered in Tulsa, Oklahoma, and sells products under the AAON and BASX brands. Its products include rooftop units, chillers, air-handling units, heat pumps and other custom HVAC systems. BASX specializes in equipment for data centers and other demanding applications, while AAON also offers controls and related services. AAON serves customers primarily in North America, with products also reaching international markets through its sales and distribution network.