AAON Stock — AAON, Inc.

AAON, Inc. (AAON)

Updated October 6, 2026.

AAON is a Stock. its distribution rate is 0.45%, its trailing-12-month yield is 0.45%. Dividend Vision Distribution Safety Score™ is 75/100 (Generally safe). Its deepest 1-year drawdown was 49.8%.

At the current 0.45% distribution rate, a $10,000 investment would generate approximately $45 per year, or about $11.25 per quarter if the next payment matches the last regular one.

AAON, Inc. manufactures and sells air conditioning and heating equipment for commercial applications, including rooftop units, data center cooling solutions, air handling units, and heat pumps, serving retail, manufacturing, educational, medical, and other industries across the United States and Canada. The company distributes quarterly at a modest yield and does not have a significant dividend component relative to its share price. The stock may appeal to investors seeking exposure to the HVAC and commercial cooling equipment sector with limited current income expectations.

AAON performance

Its deepest 1-year drawdown was 49.8%.

AAON key facts

Distribution Safety Score™

75 · Generally safe

Safety-Adjusted Yield

0.34%

Asset type

Stock

Asset class

Equity

Inception date

01/03/1991

Distribution rate

0.45%

Distribution frequency

Quarterly

Trailing yield

0.45%

5-year average yield

0.44

Last close

$88.07 (stale; as of 2026-10-06)

Market cap

$7,261,691,987

Average volume

987767.0

Last dividend

$0.10

Last ex-dividend date

09/04/2026

Last payment date

09/25/2026

Beta

1.414

Payout ratio

20.7%

P/E ratio

46.35

Forward P/E

21.7865

EPS

$1.90

How Dividend Vision calculates yield and returns

Distribution rate (0.45%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.45%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AAON risks and drawbacks

AAON's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 49.8%.

Who may consider AAON — and who may not

It is a weaker fit for investors who need monthly cash flow (AAON pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions