Initiated a Position in AOS Today

Bought a little A.O. Smith (AOS) this morning at $57 to for an initial position. I set a notification at $55.31 to consider buying more. AOS has been the #1 capital gain performer on our new ‘Long-Term Dividend Growth’ portfolio up 6.80% since the beginning of this year. Still 7% below fair value estimate even after today’s pop. They have raised their dividend at a 21% clip over the past 5 years, with last years raise coming in at 11%. Here’s a detailed research article on AOS from Simply Safe Dividends for more information on their business.

Filed in: Dividend Geek Trades