A. O. Smith (AOS) Dividend History & Yield
Dividend ContenderA. O. Smith (AOS) has increased its dividend for 13 consecutive years and currently yields 2.51%. The most recent dividend was $0.3600/share on May 15, 2026, paid Quarterly.
AOS
Current Yield
2.51%
TTM Dividend/Share
$1.42
Payment Frequency
Quarterly
Payout Ratio
37.8%
Consecutive Growth Years
13 (Dividend Contender)
Div Growth (1Y CAGR)
6.15%
Div Growth (5Y CAGR)
7.09%
Div Growth (10Y CAGR)
13.77%
AOS: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.6%
FCF payout ratio
7.8%
Net debt / EBITDA
0.6x
Interest coverage
39.94x
ROIC (TTM)
24.5%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 37.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($3.90) covers dividend/share ($1.42).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 7.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.1%) exceeds EPS growth (3.0%) — payout ratio expanding.
Per-payment dividend history
Ex-date Apr 30, 2026
- Payment date
- May 15, 2026
- Dividend
- $0.3600
- Adj. dividend
- $0.3600
Ex-date Jan 30, 2026
- Payment date
- Feb 17, 2026
- Dividend
- $0.3600
- Adj. dividend
- $0.3600
Ex-date Oct 31, 2025
- Payment date
- Nov 17, 2025
- Dividend
- $0.3600
- Adj. dividend
- $0.3600
Ex-date Jul 31, 2025
- Payment date
- Aug 15, 2025
- Dividend
- $0.3400
- Adj. dividend
- $0.3400
Ex-date Apr 30, 2025
- Payment date
- May 15, 2025
- Dividend
- $0.3400
- Adj. dividend
- $0.3400
Ex-date Jan 31, 2025
- Payment date
- Feb 18, 2025
- Dividend
- $0.3400
- Adj. dividend
- $0.3400
Ex-date Oct 31, 2024
- Payment date
- Nov 15, 2024
- Dividend
- $0.3400
- Adj. dividend
- $0.3400
Ex-date Jul 31, 2024
- Payment date
- Aug 15, 2024
- Dividend
- $0.3200
- Adj. dividend
- $0.3200
Ex-date Apr 29, 2024
- Payment date
- May 15, 2024
- Dividend
- $0.3200
- Adj. dividend
- $0.3200
Ex-date Jan 30, 2024
- Payment date
- Feb 15, 2024
- Dividend
- $0.3200
- Adj. dividend
- $0.3200
Ex-date Oct 30, 2023
- Payment date
- Nov 15, 2023
- Dividend
- $0.3200
- Adj. dividend
- $0.3200
Ex-date Jul 28, 2023
- Payment date
- Aug 15, 2023
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 30, 2026 | May 15, 2026 | $0.3600 | $0.3600 |
| Jan 30, 2026 | Feb 17, 2026 | $0.3600 | $0.3600 |
| Oct 31, 2025 | Nov 17, 2025 | $0.3600 | $0.3600 |
| Jul 31, 2025 | Aug 15, 2025 | $0.3400 | $0.3400 |
| Apr 30, 2025 | May 15, 2025 | $0.3400 | $0.3400 |
| Jan 31, 2025 | Feb 18, 2025 | $0.3400 | $0.3400 |
| Oct 31, 2024 | Nov 15, 2024 | $0.3400 | $0.3400 |
| Jul 31, 2024 | Aug 15, 2024 | $0.3200 | $0.3200 |
| Apr 29, 2024 | May 15, 2024 | $0.3200 | $0.3200 |
| Jan 30, 2024 | Feb 15, 2024 | $0.3200 | $0.3200 |
| Oct 30, 2023 | Nov 15, 2023 | $0.3200 | $0.3200 |
| Jul 28, 2023 | Aug 15, 2023 | $0.3000 | $0.3000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
A. O. Smith has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.3800 | — | — |
| 2025 | $1.3000 | $1.3800 | +6.2% |
| 2024 | $1.2200 | $1.3000 | +6.6% |
| 2023 | $1.1400 | $1.2200 | +7.0% |
| 2022 | $1.0600 | $1.1400 | +7.5% |
| 2021 | $0.9800 | $1.0600 | +8.2% |
| 2020 | $0.9000 | $0.9800 | +8.9% |
| 2019 | $0.7600 | $0.9000 | +18.4% |
| 2018 | $0.5600 | $0.7600 | +35.7% |
| 2017 | $0.4800 | $0.5600 | +16.7% |
| 2016 | $0.3800 | $0.4800 | +26.3% |
| 2015 | $0.3000 | $0.3800 | +26.7% |
| 2014 | $0.2300 | $0.3000 | +30.4% |
| 2013 | $0.3300 | $0.2300 | -30.3% |
| 2012 | $0.1500 | $0.3300 | +120.0% |
| 2011 | $0.1875 | $0.1500 | -20.0% |
| 2010 | $0.1283 | $0.1875 | +46.1% |
| 2009 | $0.1233 | $0.1283 | +4.1% |
| 2008 | $0.1167 | $0.1233 | +5.7% |
| 2007 | $0.1100 | $0.1167 | +6.1% |
| 2006 | $0.1067 | $0.1100 | +3.1% |
| 2005 | $0.1033 | $0.1067 | +3.2% |
| 2004 | $0.0967 | $0.1033 | +6.9% |
| 2003 | $0.0900 | $0.0967 | +7.4% |
| 2002 | $0.0867 | $0.0900 | +3.8% |
| 2001 | $0.0833 | $0.0867 | +4.0% |
| 2000 | $0.0800 | $0.0833 | +4.2% |
| 1999 | $0.0778 | $0.0800 | +2.9% |
| 1998 | $0.0756 | $0.0778 | +2.9% |
| 1997 | $0.0733 | $0.0756 | +3.0% |
| 1996 | $0.0644 | $0.0733 | +13.8% |
| 1995 | $0.0556 | $0.0644 | +16.0% |
| 1994 | $0.0744 | $0.0556 | -25.4% |
| 1993 | $0.0444 | $0.0744 | +67.5% |
| 1992 | $0.0444 | $0.0444 | 0.0% |
| 1991 | $0.0444 | $0.0444 | 0.0% |
| 1990 | $0.0444 | $0.0444 | 0.0% |
| 1989 | $0.0444 | $0.0444 | 0.0% |
| 1988 | $0.0444 | $0.0444 | 0.0% |
| 1987 | $0.0444 | $0.0444 | 0.0% |
| 1986 | $0.6201 | $0.0444 | -92.8% |
| 1985 | — | $0.6201 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for A. O. Smith (AOS) from the consolidated cash flow statement, in USD as filed.
Latest period
$196.70M
YoY change
+2.8%
5Y CAGR
+4.3%
Peak year (2025)
$195.70M
Latest annual
$195.70M
Cash dividends paid over time for A. O. Smith (AOS)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for A. O. Smith (AOS)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $195.70M | +2.8% | +$5.30M | ||
| 2024 | $190.40M | +3.8% | +$6.90M | ||
| 2023 | $183.50M | +3.6% | +$6.30M | ||
| 2022 | $177.20M | +4.2% | +$7.10M | ||
| 2021 | $170.10M | +7.2% | +$11.40M | ||
| 2020 | $158.70M | +6.4% | +$9.50M | ||
| 2019 | $149.20M | +14.7% | +$19.10M | ||
| 2018 | $130.10M | +34.3% | +$33.20M | ||
| 2017 | $96.90M | +15.1% | +$12.70M | ||
| 2016 | $84.20M | +24.2% | +$16.40M | ||
| 2015 | $67.80M | +24.6% | +$13.40M | ||
| 2014 | $54.40M | +27.7% | +$11.80M | ||
| 2013 | $42.60M | +28.3% | +$9.40M | ||
| 2012 | $33.20M | +19.9% | +$5.50M | ||
| 2011 | $27.70M | +12.1% | +$3.00M | ||
| 2010 | $24.70M | +15.4% | +$3.30M | ||
| 2009 | $21.40M | -4.0% | -$900,000 | ||
| 2008 | $22.30M | +3.7% | +$800,000 | ||
| 2007 | $21.50M | +7.0% | +$1.40M | ||
| 2006 | $20.10M | +5.8% | +$1.10M | ||
| 2005 | $19.00M | +4.4% | +$800,000 | ||
| 2004 | $18.20M | +8.3% | +$1.40M | ||
| 2003 | $16.80M | +17.7% | +$2.52M | ||
| 2002 | $14.28M | +15.9% | +$1.96M | ||
| 2001 | $12.32M | +5.1% | +$599,000 | ||
| 2000 | $11.72M | +4.9% | +$548,000 | ||
| 1999 | $11.17M | +1.1% | +$121,000 | ||
| 1998 | $11.05M | -12.8% | -$1.63M | ||
| 1997 | $12.68M | -8.2% | -$1.13M | ||
| 1996 | $13.81M | +13.8% | +$1.68M | ||
| 1995 | $12.13M | +16.4% | +$1.71M | ||
| 1994 | $10.42M | -14.6% | -$1.78M | ||
| 1993 | $12.20M | +43.5% | +$3.70M | ||
| 1992 | $8.50M | -13.3% | -$1.30M | ||
| 1991 | $9.80M | -1.0% | -$100,000 | ||
| 1990 | $9.90M | -1.0% | -$100,000 | ||
| 1989 | $10.00M | — | — |
In 2025, A. O. Smith (AOS) dividends paid totalled $195.70M – edged up 2.8% year-over-year.
Over 2020–2025 (5 years), A. O. Smith dividends paid expanded at a +4.3% compound annual rate, sustaining 16 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $195.70M in 2025 and its low of $8.50M in 1992.
Within Industrials, A. O. Smith (AOS) ranks 8th among 8 peers we track. The peer median for dividends paid is $2.23B.
A. O. Smith Dividends Paid 2025: $195.70M
A. O. Smith dividends paid in 2025 was $195.70M, edged up 2.8% from 2024. This figure represents the highest annual value in the available history.
A. O. Smith Dividends Paid 2024: $190.40M
A. O. Smith dividends paid in 2024 was $190.40M, edged up 3.8% from 2023.
A. O. Smith Dividends Paid 2023: $183.50M
A. O. Smith dividends paid in 2023 was $183.50M, edged up 3.6% from 2022.
A. O. Smith Dividends Paid 2022: $177.20M
A. O. Smith dividends paid in 2022 was $177.20M, edged up 4.2% from 2021.
A. O. Smith Dividends Paid 2021: $170.10M
A. O. Smith dividends paid in 2021 was $170.10M.
See more financial history for A. O. Smith (AOS).
Sector peers by dividends paid
Companies in the same sector as A. O. Smith, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does A. O. Smith pay dividends?
Yes, A. O. Smith (AOS) pays quarterly dividends of approximately $1.42 per share annually, yielding 2.51%.
What is A. O. Smith's dividend yield?
A. O. Smith (AOS) has a current dividend yield of 2.51%.
Is A. O. Smith's dividend safe?
A. O. Smith (AOS) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has A. O. Smith increased its dividend?
A. O. Smith (AOS) has 13 consecutive years of dividend increases.
What is A. O. Smith's dividend payout ratio?
A. O. Smith (AOS) has a dividend payout ratio of 37.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is A. O. Smith's dividends paid?
Latest reported dividends paid for A. O. Smith (AOS) is $196.70M (period ending March 31, 2026).
How has A. O. Smith dividends paid changed year-over-year?
A. O. Smith (AOS) dividends paid changed +2.8% year-over-year on the latest annual filing.
What is the long-term growth rate of A. O. Smith dividends paid?
A. O. Smith (AOS) dividends paid compound annual growth rate is +4.3% over the most recent 5 years available.
When did A. O. Smith dividends paid hit its highest annual value?
A. O. Smith dividends paid reached its highest annual value of $195.70M in 2025.
What was A. O. Smith dividends paid in 2024?
A. O. Smith (AOS) dividends paid in 2024 was $190.40M.
What was A. O. Smith dividends paid in 2025?
A. O. Smith (AOS) dividends paid in 2025 was $195.70M.
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