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

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Monday, May 18th. Investors of record on Friday, June 5th will be paid a dividend of 0.10 per share by the construction company on Friday, June 26th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, June 5th.

AAON has raised its dividend payment 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 dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect AAON to earn $3.42 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 11.7%.

AAON Price Performance

AAON traded down $1.55 during trading hours on Monday, hitting $133.94. The company’s stock had a trading volume of 936,821 shares, compared to its average volume of 1,021,352. The business’s 50-day moving average price is $94.85 and its 200-day moving average price is $92.32. AAON has a 12 month low of $62.00 and a 12 month high of $149.00. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 93.66, a P/E/G ratio of 3.79 and a beta of 1.24. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. AAON’s quarterly revenue was up 54.3% on a year-over-year basis. Sell-side analysts expect that AAON will post 2.23 earnings per share for the current fiscal year.

AAON Company Profile

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.