AAON, Inc.
AAONIndustrials · Stock · quarterly payer
Forward Yield
0.37%
Annual Dividend
$0.40
Payout Ratio
28%
5-Yr Growth
-4.6%
Ex-Date
Jun 5, 2026
Frequency
Quarterly
Summary
As of July 2026, AAON, Inc. (AAON) yields 0.37% ($0.40 per share annually), with a blended fair-value estimate of $47.64 — -54% downside, so it screens as overvalued. Dividend safety grade: C (65/100). 1 years of dividend growth.
Is AAON a good dividend stock?
Yes, with caveatsAAON, Inc. (AAON) pays a quarterly dividend yielding 0.37% ($0.40/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (28%)
- 126% total price return over 5 years
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 0.37%
- Payout Ratio
- 28%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- -4.6%
- Ex-Dividend Date
- Jun 5, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.41
- Market Cap
- $8.4B
- P/E Ratio
- 76.1
- 5-Yr Total Return
- 126%
- 52-Week Range
- $62.00 – $150.46
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
AAON Price — Last 12 Months
Daily close
Price Return
1 Year
+24%
3 Years
+63%
5 Years
+126%
52-Week Range
$62.00 – $150.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AAON worth?
Overvaluedlow confidenceOur blended fair-value estimate for AAON, Inc. is $47.64 per share, versus a market price of $102.67. That implies 54% of downside.
Fair Value
$47.64
Current Price
$102.67
Downside
-54%
Margin of Safety
-115%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.35 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AAON Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $0.1000 | regular |
| Mar 18, 2026 | — | $0.1000 | regular |
| Nov 26, 2025 | — | $0.1000 | regular |
| Sep 5, 2025 | — | $0.1000 | regular |
| Jun 6, 2025 | — | $0.1000 | regular |
| Mar 18, 2025 | — | $0.1000 | regular |
| Nov 29, 2024 | — | $0.0800 | regular |
| Sep 6, 2024 | — | $0.0800 | regular |
| Jun 7, 2024 | — | $0.0800 | regular |
| Mar 15, 2024 | — | $0.0800 | regular |
| Nov 28, 2023 | — | $0.0800 | regular |
| Sep 7, 2023 | — | $0.0800 | regular |
| Jun 8, 2023 | — | $0.0800 | regular |
| Mar 10, 2023 | — | $0.0800 | regular |
Income Calculator
At $0.40 / yr per share
