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Lennox Increases Quarterly Dividend and Stock Repurchase Authorization

1. Lennox has approved a 13% dividend increase to $1.30 per share. 2. A $1 billion increase in stock repurchase authorization was also approved. 3. The CFO emphasized strong cash flow and consistent performance. 4. Repurchase program allows flexible buyback strategies without time limitations. 5. Lennox focuses on energy-efficient climate solutions and sustainability.

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FAQ

Why Very Bullish?

The dividend increase and repurchase authorization demonstrate financial strength. Historically, such actions often lead to stock price increases.

How important is it?

The announcement directly affects investor confidence and stock valuation metrics for LII, indicating strong future performance.

Why Long Term?

The policies signal long-term shareholder value focus, impacting future investor sentiment positively. A similar past instance in well-performing companies showed sustained price growth.

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, /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, 2025, to stockholders of record as of June 30, 2025.  The Lennox Board of Directors also approved a $1 billion increase to its existing stock repurchase authorization, in addition to approximately $290 million remaining under prior authorizations as of May 12, 2025. "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," said Lennox Chief Financial Officer Michael Quenzer. "We remain committed to returning capital to shareholders, while maintaining a disciplined leverage profile and the flexibility to pursue strategic bolt-on M&A opportunities that accelerate growth." Stock repurchases may be made from time to time at management's discretion. The stock repurchase program permits shares to be repurchased in a variety of methods, including open market purchases, accelerated share repurchases, or other privately negotiated transactions. The stock repurchase program has no time limit and may be suspended or discontinued at any time. About LennoxLennox (NYSE: LII) is a 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 cooling, heating, indoor air quality, and refrigeration systems. Additional information on Lennox is available at www.lennox.com.  Media Contact[email protected]  Investor Relations Contact[email protected] SOURCE Lennox International Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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