Lennox International – LII – Increases Dividend 11 Percent
The board of directors of Lennox International Inc. (NYSE: LII) voted to increase the quarterly cash dividend 11 percent, from $0.18 per share of common stock to $0.20 per share of common stock. The dividend is payable on October 15, 2012 to stockholders of record as of October 4, 2012.
About Lennox International Inc – LII
Lennox International Inc. (LII) is a global leader in the heating, ventilation, air conditioning, and refrigeration markets. Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets.
Its products and services are sold through multiple distribution channels under brand names, including Lennox, Armstrong Air, Ducane, Bohn, Larkin, Advanced Distributor Products, Service Experts and others.
The Company operates in four segments: Residential Heating & Cooling, Commercial Heating & Cooling, Service Experts, and Refrigeration. On January 14, 2011, the Company acquired Kysor/Warren business from The Manitowoc Company. Kysor/Warren is a manufacturer of refrigerated systems and display cases for supermarkets throughout North America and is included in its Refrigeration Segment. In April 2012, it sold its Lennox Hearth Products business to Comvest Investment Partners IV.
Lennox International is a leading provider of climate control solutions for heating, air conditioning and refrigeration markets around the world. Company states : We have built our business on a heritage of integrity and innovation dating back to 1895. Our employees are dedicated to providing trusted brands, innovative products, unsurpassed quality, and responsive service.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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