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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
A. O. Smith Corporation (NYSE:AOS) is included among the 12 Reliable Dividend Stocks for Maximum Income.
A. O. Smith Corporation (NYSE:AOS) stands among the top manufacturers of residential and commercial water heaters, boilers, and water treatment systems. Around two-thirds of its revenue comes from North America, while most of the remaining share is generated in China.
In the US, A. O. Smith Corporation (NYSE:AOS)’s growth is supported by a strong economy and rising home prices. Since its products are closely tied to consumer spending and the housing market, a stable job market and higher disposable income often lead homeowners to invest in upgrades like new water heaters or filtration systems. This trend has helped the company maintain steady growth across the domestic market for much of the past decade.
Looking ahead, emerging markets, especially China, are expected to play a major role in fueling the company’s expansion. The country’s large population, growing middle class, and steady economic growth create a favorable environment for its products.
Holding a leading position in its industry gives A. O. Smith Corporation (NYSE:AOS) strong pricing power and solid profit margins. This advantage allows it to generate substantial cash flow, which it uses to fund innovation and develop new products. As a result, the company has been able to deliver consistent dividend growth over the years.
On October 13, A. O. Smith Corporation (NYSE:AOS) declared a 6% hike in its quarterly dividend to $0.36 per share. This was the company’s 33rd consecutive year of dividend growth, which makes AOS one of the best dividend stocks. The stock supports a dividend yield of 2.10%.
While we acknowledge the potential of AOS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and Top 15 Dividend Growth Stocks for Long-Term Investors.
Disclosure: None.
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