AAON Increases Semi-Annual Cash Dividend & Authorizes $50 Million for Stock Buyback Program
November 08 2022 - 7:00AM
AAON, Inc. (NASDAQ: AAON) (“AAON” or the “Company”), today
announced that its Board of Directors has declared the Company’s
next regular semi-annual cash dividend of $0.24 per share (or $0.48
annually), an increase of 26%, payable on December 16, 2022 to
stockholders of record as of the close of business on November 28,
2022.
The Company also announced today that its Board
of Directors has authorized the Company to make up to $50.0 million
in purchases of the Company’s common stock at prevailing market
prices from time to time through open market purchases, privately
negotiated transactions, or otherwise in compliance with Rule
10b-18 under the Securities Exchange Act of 1934, as amended.
About AAONAAON, Inc. is engaged
in the engineering, manufacturing, marketing and sale of air
conditioning and heating equipment consisting of standard,
semi-custom and custom rooftop units, data center cooling systems,
cleanroom systems, chillers, packaged outdoor mechanical rooms, air
handling units, makeup air units, energy recovery units, condensing
units, geothermal/water-source heat pumps, coils and controls.
Since the founding of AAON in 1988, AAON has maintained a
commitment to design, develop, manufacture and deliver heating and
cooling products to perform beyond all expectations and demonstrate
the value of AAON to our customers. For more information, please
visit www.AAON.com.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “expects”, “anticipates”, “intends”, “plans”,
“believes”, “seeks”, “estimates”, “should”, “will”, and variations
of such words and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions, which are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligations to update publicly any forward-looking
statements, whether as a result of new information, future
events.
Contact InformationJoseph MondilloDirector of
Investor RelationsPhone (617) 877-6346Email:
joseph.mondillo@aaon.com
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