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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Lennox International Inc. (LII) pays a $5.26 annual dividend ($1.36 quarterly), yielding 1.52% at $357.73/share. Next ex-dividend date 2026-09-30. 25+ consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.52%
Annual Dividend: $5.26 per share
Payout Ratio: 23.2%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 28
Lennox International Inc. dividend investors are looking at a company that has manufactured heating, ventilation, air conditioning, and refrigeration equipment since 1895, selling under brands like Lennox, Armstrong Air, and Heatcraft Worldwide Refrigeration. LII currently yields 1.53%, with trailing twelve-month payments of $5.26 per share paid quarterly, and the next ex-dividend date falls on September 30, 2026. That yield is low by income standards, but LII is a Dividend Aristocrat with 25 consecutive years of increases, making it a different kind of dividend story. A beta of 1.163 means the stock moves with the broader market, so this suits growth-and-income investors more than those seeking low-volatility income.
Lennox International Inc. pays out 23.2% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings soften, and demand for HVAC and refrigeration equipment across residential and commercial markets provides a broad base of recurring replacement and service revenue. Lennox International Inc. dividend safety faces its most credible pressure from the stock's beta of 1.163, which reflects meaningful sensitivity to economic cycles that can affect new construction and equipment upgrade spending.
Lennox International Inc. dividend history shows a CAGR of 14.9% per year from 2011 to 2025. The per-share annual dividend grew from $0.72 in 2012 to $5.05 in 2025 (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 4.4% in 2020, and the largest was 24.0% in 2018.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.2% | $4.10 (2022) | $5.05 (2025) |
| 5-Year | +10.4% | $3.08 (2020) | $5.05 (2025) |
| 10-Year | +13.9% | $1.38 (2015) | $5.05 (2025) |
LII fits growth-and-income investors who want a rising dividend from a company with real pricing power across residential and commercial HVAC markets, and who are willing to accept a low current yield in exchange for fast per-share growth. At 1.53%, the yield is low (below 2%), and it sits above the 5-year average of 1.05%, which reflects recent price-to-yield dynamics rather than a change in payout policy. Twenty-five consecutive years of increases earns LII its Dividend Aristocrat status, a streak that spans multiple economic cycles without a single cut in the available data. The trade-off is straightforward: income today is modest, but the 14.9% annual growth rate over 14 years means patient holders have seen their per-share payment grow substantially.
LII is a Dividend Aristocrat with 25 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $1.3600 |
| 2026-06-30 | $1.3600 |
| 2026-03-31 | $1.3000 |
| 2025-12-31 | $1.3000 |
| 2025-09-30 | $1.3000 |
| 2025-06-30 | $1.3000 |
| 2025-04-30 | $1.1500 |
| 2024-12-31 | $1.1500 |
| 2024-09-30 | $1.1500 |
| 2024-06-28 | $1.1500 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.0200 |
| 2025 | $5.0500 |
| 2024 | $4.5500 |
| 2023 | $4.3600 |
| 2022 | $4.1000 |
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