Lennox (NYSE: LII) announced that its board of directors approved a 13% increase in the quarterly dividend, raising it from $1.15 to $1.30 per share of common stock. This increased dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025.
In addition to the dividend increase, the board also approved a $1 billion increase to its existing stock repurchase authorization. This new authorization adds to approximately $290 million remaining under prior authorizations as of May 12, 2025.
These actions reflect Lennox's confidence in its financial performance and ability to generate strong, consistent cash flow. The company aims to return capital to shareholders while maintaining a disciplined leverage profile and flexibility for strategic acquisitions.
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