A.O. Smith: Be Greedy When Others Are Fearful
A.O. Smith Corporation (AOS) Dividend Stock Analysis 2018 |
The share price of A.O Smith Corporation (NYSE:AOS) has declined over 35% since peaking in late January/early February. Since September 20 alone, the share price has declined over 25%.
That decline is in contrast to what management has been saying through their actions. Earlier this month, the Board of Directors at A.O. Smith Corporation announced a huge 22% increase to their dividend payment. Even better for investors is that this raise came 1 quarter earlier than their typical increase schedule. I've had my eye on A.O. Smith as a company I want to initiate a stake in for several years now; however, the stars never aligned where I had capital available and shares were trading "cheap".
With the share price decline and dividend increase in mind and earnings coming up next week, I decided I'd take another look at A.O. Smith to see if there's value to be had at the current price level.
That decline is in contrast to what management has been saying through their actions. Earlier this month, the Board of Directors at A.O. Smith Corporation announced a huge 22% increase to their dividend payment. Even better for investors is that this raise came 1 quarter earlier than their typical increase schedule. I've had my eye on A.O. Smith as a company I want to initiate a stake in for several years now; however, the stars never aligned where I had capital available and shares were trading "cheap".
With the share price decline and dividend increase in mind and earnings coming up next week, I decided I'd take another look at A.O. Smith to see if there's value to be had at the current price level.
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