By Colin Kellaher
A.O. Smith Corp. said Thursday its committee raised the quarterly dividend by 7.1%, to 30 cents from 28 cents.
The caller payout, adjacent to $1.20 a year, represents an yearly output of astir 2.44% based connected Wednesday's closing terms of $49.13, up from astir 2.28%.
The Milwaukee shaper of residential and commercialized water-heating instrumentality said the accrued dividend is payable Nov. 15 to shareholders of grounds Oct. 31.
Write to Colin Kellaher astatine colin.kellaher@wsj.com