Lennox Increases Quarterly Dividend to $1.36
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 51 minutes ago
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Source: PRnewswire
- Dividend Increase: Lennox's board approved a quarterly dividend increase from $1.30 to $1.36 per share, payable on July 15, 2026, reflecting the company's confidence in future cash flows.
- Shareholder Returns: This dividend adjustment benefits shareholders of record as of June 30, 2026, enhancing the company's attractiveness to investors and potentially driving stock price appreciation.
- Market Leadership: As a leader in energy-efficient building and home comfort solutions, Lennox continues to meet the needs of residential and commercial customers through innovative heating, cooling, and air quality systems, solidifying its market position.
- Long-term Commitment: Lennox is dedicated to providing lifecycle solutions through advanced technology and quality service, demonstrating its strategic vision for sustainability and customer satisfaction.
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Analyst Views on LII
Wall Street analysts forecast LII stock price to rise
11 Analyst Rating
3 Buy
6 Hold
2 Sell
Hold
Current: 493.330
Low
475.00
Averages
577.90
High
680.00
Current: 493.330
Low
475.00
Averages
577.90
High
680.00
About LII
Lennox International Inc. focuses on climate-control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration markets. The Company's segments include Home Comfort Solutions and Building Climate Solutions. Its Home Comfort Solutions segment's products and services include furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, replacement parts and supplies. Its brands include Lennox, Ducane, AirEase, Concord, MagicPak, Supco, among others. Its Building Climate Solutions segment's products and services include unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment. Its brands include Enlight, Xion, Energence, Prodigy, Duro Dyne, among others. It sells its products and services through a combination of direct sales, distributors and Company-owned stores.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Increase: Lennox's board approved a quarterly dividend increase from $1.30 to $1.36 per share, payable on July 15, 2026, reflecting the company's confidence in future cash flows.
- Shareholder Returns: This dividend adjustment benefits shareholders of record as of June 30, 2026, enhancing the company's attractiveness to investors and potentially driving stock price appreciation.
- Market Leadership: As a leader in energy-efficient building and home comfort solutions, Lennox continues to meet the needs of residential and commercial customers through innovative heating, cooling, and air quality systems, solidifying its market position.
- Long-term Commitment: Lennox is dedicated to providing lifecycle solutions through advanced technology and quality service, demonstrating its strategic vision for sustainability and customer satisfaction.
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- Community Support Initiative: Lennox has announced that nominations for the 2026 Feel The Love® program are now open, aimed at providing new heating and cooling systems to key individuals in the community, reflecting the company's deep commitment to community service.
- Scale of Donations: Since its inception in 2009, Lennox and its dealers have donated and installed over 3,100 heating and cooling systems, assisting homeowners facing significant challenges, which underscores the company's ongoing efforts in community impact.
- Nominee Criteria: Nominees include educators, veterans, healthcare professionals, first responders, and families navigating unexpected medical or financial hardships, ensuring that assistance reaches those who truly need it.
- Installation Week Schedule: The 2026 Feel The Love Installation Week is scheduled for October 3-11, during which selected recipients will receive high-efficiency Lennox Merit equipment at no cost, further enhancing home comfort.
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- Community Support Initiative: Lennox has announced that nominations for the 2026 Feel The Love® program are now open, aimed at providing new heating and cooling systems to key individuals in communities, reflecting the company's commitment to social responsibility.
- Donation Scale: Since its inception in 2009, Lennox and its dealers have donated and installed over 3,100 heating and cooling systems, assisting homeowners facing significant challenges, showcasing its ongoing efforts in community impact.
- Installation Week Schedule: This year's Feel The Love Installation Week is set for October 3-11, during which selected recipients will receive high-efficiency Lennox equipment at no cost, further enhancing home comfort.
- Nominee Scope: Nominees include educators, veterans, healthcare professionals, and community members are encouraged to nominate those who put others first and need safe, reliable home comfort, highlighting Lennox's deep care for the community.
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- Revenue Growth: Lennox International reported Q1 revenue of $1.1 billion, a 6% year-over-year increase, indicating strong momentum in emergency replacements within Building Climate Solutions, although overall margins fell by 130 basis points due to factory under-absorption.
- Cash Flow Performance: Operating cash flow was positive at $16 million, with adjusted earnings per share at $3.35, demonstrating the company's resilience in navigating cost pressures and market volatility while providing funding for future investments.
- Market Outlook: The company reaffirmed its full-year adjusted EPS guidance range of $23.50 to $25 and raised revenue growth expectations to approximately 8%, reflecting optimism about market demand despite anticipated cost inflation rising to 5%.
- Innovation Drive: Lennox continues to innovate with successful product launches, including a new water heater and heat pump products, indicating the company's commitment to maintaining a competitive edge through technological advancements in a challenging market.
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- Earnings Performance: Lennox reported a Q1 non-GAAP EPS of $3.35, beating expectations by $0.17, indicating strong market performance despite economic uncertainties.
- Robust Revenue Growth: The company achieved Q1 revenue of $1.14 billion, a 6.5% year-over-year increase, surpassing market expectations by $70 million, reflecting sustained product demand and boosting market confidence.
- Improved Cash Flow: Operating cash flow stood at $16 million, an improvement from $36 million used in the prior year, showcasing effective inventory management, although capital expenditures rose to $55 million.
- Stable Full-Year Guidance: Lennox maintains its 2026 EPS guidance range of $23.50 to $25.00, with revenue growth projected at approximately 8%, including a 4% benefit from completed acquisitions, demonstrating confidence in future growth.
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- Revenue Growth: Lennox reported Q1 revenue of $1.1 billion, a 6% year-over-year increase primarily driven by revenue from completed acquisitions, although operating income fell 3% to $164 million, indicating challenges amid market stabilization.
- Home Comfort Solutions: This segment generated $650 million in revenue, down 10% year-over-year, yet showed improvement from a 21% decline in Q4, suggesting a gradual recovery in market demand despite ongoing pressures from weak new home construction.
- Building Climate Solutions: The segment delivered robust performance with a 38% revenue increase to $485 million and a 63% profit rise to $96 million, largely due to volume growth and new national account wins, reflecting strong demand in the emergency replacement market.
- Future Outlook: Lennox updates its 2026 revenue growth guidance to approximately 8%, including a 4% contribution from completed acquisitions, demonstrating confidence in future growth despite macroeconomic uncertainties and inflationary pressures.
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