Lennox International Increases Dividend 15%

Rhea-AI Summary

Lennox International (LII) has announced a 15% increase in its quarterly cash dividend, raising it to $1.06 per share. This dividend will be payable on July 15, 2022, to shareholders recorded by June 30, 2022. This strategic move reflects the company's commitment to rewarding its shareholders while maintaining a focus on sustainability and innovative climate-control solutions.

Positive

• Dividend increased by 15% to $1.06 per share, demonstrating company confidence and commitment to shareholders.

Negative

• None.

DALLAS, May 19, 2022 /PRNewswire/ -- The board of directors of Lennox International Inc. (NYSE: LII) voted to increase the quarterly cash dividend 15% to $1.06 per share of common stock. The dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022. 

About Lennox International
Lennox International Inc. is a global leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innovation with our air conditioning, heating, indoor air quality, and refrigeration systems. Lennox International stock is listed on the New York Stock Exchange and traded under the symbol LII. Additional information on Lennox International is available at www.lennoxinternational.com or by contacting Steve Harrison, Vice President, Investor Relations, at 972-497-6670.

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SOURCE Lennox International Inc.

FAQ

What is the new dividend amount for Lennox International (LII)?

The new dividend amount is $1.06 per share.

When is the dividend payable for Lennox International (LII)?

The dividend is payable on July 15, 2022.

What is the record date for the dividend of Lennox International (LII)?

The record date for the dividend is June 30, 2022.

How often does Lennox International (LII) pay dividends?

Lennox International pays dividends quarterly.

Is the dividend growth sustainable for Lennox International (LII)?

The increase indicates a positive outlook, but sustainability would depend on future earnings and cash flow.