US EditionLennox Increases Quarterly Dividend and Stock Repurchase Authorization
- Lennox announced a 13% raise in its quarterly dividend, increasing the amount to $1.30 per share, which will be distributed on July 15, 2025, to shareholders recorded as of June 30, 2025.
- This increase and a $1 billion boost in stock repurchase authorization stem from the board's desire to enhance shareholder returns amid steady company performance.
- With $290 million left from prior authorizations, the total stock buyback availability now amounts to approximately $1.29 billion under a program without a time limit.
- Lennox CFO Michael Quenzer highlighted that raising the dividend and expanding the share buyback program demonstrates their trust in the company’s strong and reliable cash flow generation.
- These actions indicate Lennox's commitment to returning capital to shareholders while maintaining financial flexibility for growth opportunities and disciplined leverage.
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Chippewa Herald+23 Reposted by 23 other sources
Lennox Increases Quarterly Dividend and Stock Repurchase Authorization
DALLAS, May 22, 2025 /PRNewswire/ -- The board of directors at Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, approved a 13% increase in the quarterly dividend from $1.15 to $1.30 per share of common stock, payable July 15,…
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