AAON, Inc. (AAON) to Issue Semiannual Dividend of $0.16 on December 20th

AAON, Inc. (NASDAQ:AAON) announced a semiannual dividend on Friday, November 9th, Wall Street Journal reports. Investors of record on Thursday, November 29th will be paid a dividend of 0.16 per share by the construction company on Thursday, December 20th. This represents a yield of 0.74%. The ex-dividend date is Wednesday, November 28th. This is a positive change from AAON’s previous semiannual dividend of $0.13.

AAON has raised its dividend payment by an average of 13.7% per year over the last three years and has increased its dividend every year for the last 4 years. AAON has a payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AAON to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 25.0%.

Shares of AAON opened at $36.75 on Friday. AAON has a fifty-two week low of $29.05 and a fifty-two week high of $44.90. The company has a market cap of $1.91 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 1st. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). AAON had a return on equity of 17.17% and a net margin of 10.76%. The business had revenue of $112.93 million for the quarter, compared to analysts’ expectations of $130.58 million. During the same period in the previous year, the company earned $0.28 earnings per share. AAON’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that AAON will post 0.81 earnings per share for the current year.

AAON has been the subject of several analyst reports. BidaskClub upgraded shares of AAON from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of AAON from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of AAON from a “buy” rating to a “strong-buy” rating in a report on Monday, November 12th.

In other AAON news, President Gary D. Fields sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $44.22, for a total transaction of $70,752.00. Following the completion of the transaction, the president now owns 23,743 shares in the company, valued at approximately $1,049,915.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack E. Short sold 9,123 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $43.81, for a total transaction of $399,678.63. Following the transaction, the director now owns 40,275 shares of the company’s stock, valued at approximately $1,764,447.75. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

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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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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Dividend History for AAON (NASDAQ:AAON)

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