Lennox to increase quarterly dividend

Source: www.gulfoilandgas.com 5/20/2024, Location: North America

The board of directors of?Lennox, a leader in energy-efficient climate-control solutions, approved a 4.5% increase in the quarterly dividend from $1.10 to $1.15?per share of common stock, payable July 15, 2024, to stockholders of record as of?June 28, 2024.?

"Our latest dividend increase is a result of consistently executing our strategy, driving margin improvements and generating solid cash flow. Our investments in expanded manufacturing capacity and sustainable products enhance our performance and competitiveness in the marketplace," said Lennox Chief Financial Officer Michael Quenzer. "We believe that our proactive growth and margin optimization strategies will continue to maximize value and deliver returns to our shareholders."


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