DALLAS - Lennox International Inc. (NYSE:LII), a provider of climate-control solutions, has declared a quarterly cash dividend and announced the date for its 2025 annual meeting of stockholders. The board of directors voted to issue a dividend of $1.15 per share of common stock, payable on January 15, 2025, to shareholders recorded as of December 31, 2024. According to InvestingPro data, Lennox has maintained dividend payments for 26 consecutive years and has raised its dividend for 14 straight years, demonstrating strong commitment to shareholder returns.
In addition, the company has scheduled its annual meeting for May 22, 2025. This event is set for stockholders who are on the books as of March 28, 2025.
Lennox is recognized for its focus on energy efficiency and sustainability, offering products and services that aim to create comfortable and healthier environments for both residential and commercial customers while also working to minimize their carbon footprint. The company is known for its innovative approaches in the areas of cooling, heating, indoor air quality, and refrigeration systems.
This announcement is based on a press release statement from Lennox International Inc. The company's commitment to sustainable practices and efficient climate-control solutions aligns with its financial decisions, as reflected in the declaration of dividends and the planning of corporate governance events. The declaration of the dividend and the scheduling of the annual meeting are part of the company's routine financial and corporate activities.
Stockholders and interested parties can find additional information about Lennox and its services on the company's website. For media inquiries, contact can be made via the provided email address, and investor relations queries can be directed to the respective email as well.
The information regarding the dividend and annual meeting is intended for current and potential investors to stay informed about key dates and financial activities of the company.
In other recent news, Lennox International has reported impressive earnings and revenue results for the third quarter of 2024, with core revenue increasing by 15% to approximately $1.5 billion and adjusted earnings per share rising by 24% to $6.68. This performance led to an upward revision of the company's full-year guidance. Mizuho (NYSE:MFG) Securities and RBC Capital responded positively to these results, maintaining their Outperform and Sector Perform ratings respectively on Lennox and raising their stock price targets.
In other developments, Lennox is making strategic moves such as capacity expansion and a focus on emergency replacement services, creating additional commercial opportunities. The company is also progressing with its new R454-B pricing initiatives, with expectations of a price increase of over 10%. Furthermore, Lennox is building its R-410A inventory due to product scarcity and anticipates favorable pricing for this older product next year.
Recent analyst notes suggest Lennox's transition to low GWP refrigerants and operational efficiencies will drive revenue growth in 2025, despite potential challenges such as manufacturing capacity limitations and pressures from investments and rising costs affecting margins. These are the latest developments for Lennox International.
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