AAON Increases Quarterly Cash Dividend

Rhea-AI Summary

AAON (NASDAQ: AAON) has announced a 25% increase in its quarterly cash dividend. The company's Board of Directors has declared a new quarterly dividend of $0.10 per share, equivalent to $0.40 annually.

The dividend will be paid on March 28, 2025, to stockholders of record at the close of business on March 18, 2025.

Positive

• 25% dividend increase shows strong financial position
• Quarterly dividend raised to $0.10 per share ($0.40 annually)
• Demonstrates commitment to shareholder returns

Negative

• None.

TULSA, Okla., March 5, 2025 /PRNewswire/ -- AAON, Inc. (NASDAQ:  AAON) ("AAON" or the "Company"), today announced that its Board of Directors has declared the Company's next regular quarterly cash dividend of $0.10 per share (or $0.40 annually), an increase of 25%. The next cash dividend will be payable on March 28, 2025, to stockholders of record as of the close of business on March 18, 2025.

About AAON, Inc.
Founded in 1988, AAON is a leader in HVAC solutions for commercial and industrial indoor environments. The company's industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance, and long-term value.  AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing capabilities enable continuous advancement toward a cleaner and more sustainable future. For more information or to locate an AAON representative, visit www.aaon.com.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "should", "will", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions.

Contact Information
Joseph Mondillo
Director of Investor Relations
Phone (617) 877-6346
Email: joseph.mondillo@aaon.com

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SOURCE AAON

FAQ

What is the new quarterly dividend amount for AAON stock?

AAON's new quarterly dividend is $0.10 per share, or $0.40 annually, representing a 25% increase.

When will AAON pay its next dividend?

AAON will pay its next dividend on March 28, 2025, to stockholders of record as of March 18, 2025.

By what percentage did AAON increase its dividend?

AAON increased its quarterly dividend by 25%.

What is the annual dividend yield for AAON based on the new dividend rate?

AAON's new annual dividend rate is $0.40 per share, paid in quarterly installments of $0.10.