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DALLAS - Lennox (NYSE:LII) announced Friday that its board of directors has approved a quarterly cash dividend of $1.30 per share of common stock, representing a yield of 0.96%. The dividend will be payable on October 15, 2025, to stockholders of record as of September 30, 2025. According to InvestingPro data, Lennox has maintained dividend payments for 27 consecutive years, with a robust 13% dividend growth over the last twelve months.
Lennox, a provider of energy-efficient climate-control solutions with a market capitalization of $18.9 billion, focuses on developing cooling, heating, indoor air quality, and refrigeration systems for both residential and commercial customers. The company maintains strong financial health according to InvestingPro analysis, with current metrics suggesting the stock is trading near its Fair Value.
The company specializes in creating comfortable and healthier environments while working to reduce carbon footprints through its product offerings.
The dividend announcement was made in a press release statement issued by the company.
In other recent news, Lennox announced that its commercial cold climate heat pump rooftop unit has become the first to successfully complete laboratory validation in the 15-25 tons category of the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge. This validation was confirmed through independent testing by the DOE and the National Renewable Energy Laboratory. Additionally, Lennox has signed a definitive agreement to acquire the HVAC division of NSI Industries from Sentinel Capital Partners for approximately $550 million, with the transaction expected to close in the fourth quarter of 2025, pending regulatory approvals.
Analysts have also responded to Lennox’s recent performance. JPMorgan raised its price target on Lennox to $592 from $549, citing better-than-expected second-quarter results driven by improved margins in the Home Comfort Solutions segment and higher volume in the Building Climate Solutions division. Mizuho increased its price target to $650 from $595, noting a significant second-quarter earnings beat and raised guidance, although it maintained a Neutral rating. Oppenheimer raised its price target to $730 from $650, maintaining an Outperform rating, following Lennox’s second-quarter results that exceeded consensus estimates for both revenue and earnings, along with a raised full-year guidance.
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