Directors for Milwaukee-based A.O. Smith Corp. announced today a 5.5 percent increase in the company's quarterly cash dividend to a rate of 19 cents per share. This is the sixth time in the last seven years that the company has increased its quarterly dividend and follows last year's record-setting net earnings of $2.85 per share. "A. O. Smith remains committed to improving its profitability and returns so that our stockholders may realize the value of their investment in spite of tough economic times," chairman and CEO Paul W. Jones said.
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