Lennox International Inc (LII) is a global leader in the design, manufacture, and distribution of heating, ventilation, air conditioning, and refrigeration (HVACR) products. The company has a solid track record of delivering value to its shareholders through dividends and splits. LII has a long history of paying dividends to its shareholders, and it is known for its consistent and reliable dividend payments. The dividend yield of LII is a key factor for investors to consider when evaluating the attractiveness of the stock. The dividend yield is calculated by dividing the annual dividend payment per share by the stock's current price. This yield provides investors with an indication of the return they can expect to receive on their investment in the form of dividends.
The payout ratio is another important metric that investors consider when analyzing dividend-paying stocks like LII. This ratio measures the percentage of earnings that are paid out as dividends. A low payout ratio indicates that a company is retaining a larger portion of its earnings for reinvestment, while a high payout ratio suggests that a company is distributing a significant portion of its earnings to shareholders. LII has consistently maintained a moderate payout ratio, which indicates a balance between dividend payments and reinvestment in the business.
Investors also pay close attention to the ex-dividend date of LII. This is the date on which a buyer of the stock is not entitled to receive the upcoming dividend. It is important for investors to be aware of this date, as it determines their eligibility to receive the dividend payment. LII typically announces its ex-dividend date in advance, allowing shareholders to plan accordingly.
Over the years, LII has also undergone stock splits to increase its market liquidity and make its shares more accessible to a broader range of investors. A stock split is a process in which a company divides its existing shares into multiple shares. The split multiple determines the ratio at which the shares are divided. For example, a 2-for-1 split would result in each existing share being divided into two new shares. This can result in a lower share price, making the stock more affordable for individual investors.
The dividend amount per share is the actual cash payment that shareholders receive for each share they own. LII has a consistent and attractive dividend amount per share, reflecting the company's commitment to returning value to its shareholders. Additionally, LII has achieved a healthy dividend growth rate over the years, increasing its dividend payments to shareholders on a regular basis. This growth rate is an important factor for investors who are seeking both current income and potential future increases in their dividend payments.
The dividend yield range of LII can vary over time based on factors such as changes in the stock's price and the dividend payment. It is important for investors to monitor the dividend yield range to assess the stock's relative attractiveness compared to other dividend-paying investments. LII's dividend payment date is the date on which the company distributes the dividend to its shareholders. The payment frequency of LII's dividends is typically quarterly, although the company may occasionally declare special dividends outside of its regular payment schedule.
