You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

MILWAUKEE, July 13, 2020 /PRNewswire/ -- Directors of A. O. Smith Corporation(NYSE:AOS) today declared a regular quarterly cash dividend of $.24 per share on the company's Common Stock and Class A Common Stock. The dividend is payable on August 17 to shareholders of record July 31, 2020. About A. O. SmithA. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE), the company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and air purification products. For more information, visit www.aosmith.com. SOURCE A. O. Smith Corporation Related Links http://www.aosmith.com

Answer: A. O. Smith declares quarterly dividend