AAON Inc. (AAON) saw its shares surge 5.18% in pre-market trading on Wednesday, as the company announced a 25% increase in its quarterly cash dividend.
The HVAC company declared a quarterly cash dividend of $0.10 per share, up from the previous $0.08 per share payout. The increased dividend will be payable on March 28 to shareholders of record as of March 18.
The dividend hike reflects AAON's strong financial performance and commitment to returning value to shareholders. Higher dividends typically make a company's stock more attractive to income-seeking investors, driving up demand and share prices.
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