MILWAUKEE, Sept. 7, 2016 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) today announced its Board of Directors approved a two-for-one split of the company's stock in the form of a 100 percent stock dividend payable to holders of Common Stock and Class A Common Stock.
The record date for the stock dividend is Sept. 21. Holders of the company's Common Stock and Class A Common Stock will receive one additional identical share of such class of stock for every share they own as of the record date.
The payment date for the stock dividend is Oct. 5. The stock dividend will increase the total number of shares of Common Stock and Class A Common Stock outstanding to approximately 174 million shares.
A. O. Smith Corporation, with 2015 sales of $2.54 billion, is a global leader applying innovative technology and energy-efficient solutions to products marketed worldwide. The company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers as well as a leading manufacturer of water treatment products.