Lennox Raises Quarterly Dividend to $1.30, Increases Buyback

Dow Jones

May 23, 2025

By Katherine Hamilton

Lennox increased its quarterly dividend by 13% to $1.30 a share.

The provider of heating and air-conditioning products said Thursday its board approved an increase from $1.15 to $1.30, which is set to be payable July 15 to shareholders of record on June 30.

The new payout, equal to $5.20 a year, represents an annual yield of 0.91% based on Wednesday's closing price of $569.95.

The board also approved a $1 billion increase to its existing stock repurchase authorization, adding to the $290 million remaining under prior approvals as of May 12.

"The increase in our dividend and share repurchase authorization reflects our confidence in the company's performance and ability to generate strong, consistent cash flow," Chief Financial Officer Michael Quenzer said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 22, 2025 12:57 ET (16:57 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4086","symbol_name":"建筑产品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537926832","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537926832","pubTimestamp":1747933020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lennox increased its quarterly dividend by 13% to $1.30 a share.The provider of heating and air-conditioning products said Thursday its board approved an increase from $1.15 to $1.30, which is set to be payable July 15 to shareholders of record on June 30.The new payout, equal to $5.20 a year, represents an annual yield of 0.91% based on Wednesday's closing price of $569.95.The board also approved a $1 billion increase to its existing stock repurchase authorization, adding to the $290 million remaining under prior approvals as of May 12.\"The increase in our dividend and share repurchase authorization reflects our confidence in the company's performance and ability to generate strong, consistent cash flow,\" Chief Financial Officer Michael Quenzer said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4086":"建筑产品","LII":"雷诺士"},"translate_title":"Lennox将季度股息提高至1.30美元，增加回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LII":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Lennox increased its quarterly dividend by 13% to $1.30 a share. \n\n\n  The provider of heating and air-conditioning products said Thursday its board approved an increase from $1.15 to $1.30, which is set to be payable July 15 to shareholders of record on June 30. \n\n\n  The new payout, equal to $5.20 a year, represents an annual yield of 0.91% based on Wednesday's closing price of $569.95. \n\n\n  The board also approved a $1 billion increase to its existing stock repurchase authorization, adding to the $290 million remaining under prior approvals as of May 12. \n\n\n  \"The increase in our dividend and share repurchase authorization reflects our confidence in the company's performance and ability to generate strong, consistent cash flow,\" Chief Financial Officer Michael Quenzer said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 12:57 ET (16:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}