Lennox Increases Quarterly Dividend and Stock Repurchase Authorization
Lennox (NYSE: LII) has announced two significant shareholder-friendly initiatives. The company's board approved a 13% increase in quarterly dividend from $1.15 to $1.30 per share, payable July 15, 2025, to stockholders of record as of June 30, 2025. Additionally, the board authorized a $1 billion increase to its stock repurchase program, supplementing the approximately $290 million remaining from previous authorizations as of May 12, 2025.
CFO Michael Quenzer stated these moves reflect confidence in the company's performance and ability to generate strong, consistent cash flow. The company maintains its commitment to shareholder returns while preserving flexibility for strategic bolt-on acquisitions and maintaining disciplined leverage.
Lennox (NYSE: LII) ha annunciato due importanti iniziative a favore degli azionisti. Il consiglio di amministrazione ha approvato un aumento del 13% del dividendo trimestrale, che passa da 1,15 a 1,30 dollari per azione, con pagamento previsto per il 15 luglio 2025 agli azionisti registrati al 30 giugno 2025. Inoltre, il consiglio ha autorizzato un incremento di 1 miliardo di dollari al programma di riacquisto di azioni, aggiungendo ai circa 290 milioni di dollari residui dalle precedenti autorizzazioni al 12 maggio 2025.
Il CFO Michael Quenzer ha dichiarato che queste mosse riflettono la fiducia nella performance dell'azienda e nella sua capacità di generare un flusso di cassa solido e costante. L'azienda conferma il suo impegno verso i ritorni per gli azionisti, mantenendo al contempo la flessibilità necessaria per acquisizioni strategiche complementari e una leva finanziaria disciplinata.
Lennox (NYSE: LII) ha anunciado dos importantes iniciativas favorables para los accionistas. La junta directiva aprobó un aumento del 13% en el dividendo trimestral, que pasa de $1.15 a $1.30 por acción, pagadero el 15 de julio de 2025 a los accionistas registrados al 30 de junio de 2025. Además, la junta autorizó un incremento de $1 mil millones en el programa de recompra de acciones, sumándose a los aproximadamente $290 millones restantes de autorizaciones previas al 12 de mayo de 2025.
El CFO Michael Quenzer declaró que estas acciones reflejan la confianza en el desempeño de la compañía y su capacidad para generar un flujo de caja fuerte y constante. La empresa mantiene su compromiso con los retornos para los accionistas, al tiempo que conserva la flexibilidad para adquisiciones estratégicas complementarias y un apalancamiento disciplinado.
Lennox (NYSE: LII)는 주주 친화적인 두 가지 중요한 조치를 발표했습니다. 회사 이사회는 분기 배당금을 기존 주당 1.15달러에서 1.30달러로 13% 인상하는 안건을 승인했으며, 이는 2025년 7월 15일에 2025년 6월 30일 기준 주주에게 지급될 예정입니다. 또한 이사회는 기존 승인 잔액 약 2억 9천만 달러에 더해 주식 재매입 프로그램을 10억 달러 증액하는 것을 승인했습니다(2025년 5월 12일 기준).
최고재무책임자(CFO) 마이클 퀸저는 이번 조치들이 회사의 성과와 강력하고 안정적인 현금 흐름 창출 능력에 대한 신뢰를 반영한다고 밝혔습니다. 회사는 전략적 인수합병 기회를 위한 유연성을 유지하면서도 주주 수익에 대한 약속을 지속하고, 재무 건전성을 유지할 계획입니다.
Lennox (NYSE : LII) a annoncé deux initiatives importantes favorables aux actionnaires. Le conseil d'administration a approuvé une augmentation de 13 % du dividende trimestriel, passant de 1,15 $ à 1,30 $ par action, payable le 15 juillet 2025 aux actionnaires inscrits au 30 juin 2025. De plus, le conseil a autorisé une augmentation de 1 milliard de dollars du programme de rachat d'actions, s'ajoutant aux environ 290 millions de dollars restants des autorisations précédentes au 12 mai 2025.
Le directeur financier Michael Quenzer a déclaré que ces mesures reflètent la confiance dans la performance de l'entreprise et sa capacité à générer un flux de trésorerie solide et constant. L'entreprise maintient son engagement envers les rendements pour les actionnaires tout en préservant la flexibilité nécessaire pour des acquisitions stratégiques complémentaires et en maintenant une gestion disciplinée de l'endettement.
Lennox (NYSE: LII) hat zwei bedeutende aktionärsfreundliche Maßnahmen angekündigt. Der Vorstand des Unternehmens genehmigte eine 13%ige Erhöhung der vierteljährlichen Dividende von 1,15 auf 1,30 US-Dollar je Aktie, zahlbar am 15. Juli 2025 an Aktionäre, die am 30. Juni 2025 eingetragen sind. Zusätzlich autorisierte der Vorstand eine Erhöhung des Aktienrückkaufprogramms um 1 Milliarde US-Dollar, zusätzlich zu den etwa 290 Millionen US-Dollar, die aus früheren Genehmigungen zum 12. Mai 2025 noch verfügbar sind.
CFO Michael Quenzer erklärte, dass diese Maßnahmen das Vertrauen in die Leistung des Unternehmens und die Fähigkeit zur Generierung eines starken, konstanten Cashflows widerspiegeln. Das Unternehmen bleibt seinem Engagement für Aktionärsrenditen treu und bewahrt gleichzeitig die Flexibilität für strategische Zukäufe unter disziplinierter Verschuldung.
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The Lennox Board of Directors also approved a
"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 Lennox
Lennox (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.
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SOURCE Lennox International Inc.
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