A. O. Smith Increases Quarterly Dividend to $0.34 per Share

Group 1 - A. O. Smith Corporation's board approved a 6% increase in the quarterly cash dividend rate to $0.34 per share [1] - The dividend increase applies to both Common Stock and Class A Common Stock [1] - The dividend is scheduled to be payable on November 15, 2024, to shareholders of record as of October 31, 2024 [1] Group 2 - The CEO highlighted a five-year compound annual growth rate of approximately 8% for the dividend rate [1] - A. O. Smith has a history of increasing its dividend for over 30 years [1] - The company is recognized as a global leader in innovative technology and energy-efficient solutions in water heating and treatment products [2]