Lennox International Inc. (NYSE:LII) declared a quarterly dividend on Friday, December 8th, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.51 per share by the construction company on Tuesday, January 16th. This represents a $2.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 28th.

Lennox International has raised its dividend payment by an average of 32.4% per year over the last three years and has increased its dividend every year for the last 5 years. Lennox International has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lennox International to earn $9.06 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 22.5%.

Lennox International (NYSE LII) traded up $1.95 during trading on Wednesday, hitting $207.60. 159,300 shares of the stock traded hands, compared to its average volume of 343,408. Lennox International has a 52 week low of $147.54 and a 52 week high of $213.78. The firm has a market capitalization of $8,590.79, a price-to-earnings ratio of 29.41, a P/E/G ratio of 1.31 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 23.87.

Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.09. Lennox International had a net margin of 9.88% and a return on equity of 1,972.31%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. sell-side analysts forecast that Lennox International will post 7.91 earnings per share for the current fiscal year.

Several research firms have recently issued reports on LII. Wells Fargo & Co reissued a “market perform” rating and issued a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 24th. Cleveland Research began coverage on shares of Lennox International in a research report on Tuesday, October 3rd. They issued a “neutral” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $187.00 price objective on shares of Lennox International in a research report on Thursday, October 12th. Finally, Cowen reissued a “buy” rating and issued a $190.00 price objective on shares of Lennox International in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $191.83.

In related news, Chairman Todd M. Bluedorn sold 8,313 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now directly owns 181,973 shares of the company’s stock, valued at approximately $36,929,600.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Chris Kosel sold 754 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $204.37, for a total transaction of $154,094.98. Following the sale, the vice president now directly owns 810 shares of the company’s stock, valued at $165,539.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,794 shares of company stock valued at $5,495,107. Company insiders own 3.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://theolympiareport.com/2017/12/27/lennox-international-inc-lii-to-issue-quarterly-dividend-of-0-51-on-january-16th.html.

Lennox International Company Profile

Lennox International Inc 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

Dividend History for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.