: Lennox lifts dividend to boost yield above the 2% mark #FinanceUSA #StockMarketNEWS Shares of Lennox International Inc. rose 0.7% after the climate-control products company raised its dividend enough
@stockMarketNEWS Sat 21 May, 2022
Lennox lifts dividend to boost yield above the 2% mark #FinanceUSA #StockMarketNEWS
Shares of Lennox International Inc. rose 0.7% after the climate-control products company raised its dividend enough to lift the dividend yield above the 2% mark. The company said its quarterly dividend was increased to .06 a share, up 15% from the previous dividend of 92 cents a share. Based on current stock prices, the new annual dividend rate implies a dividend yield of 2.08%, compared with the implied yield for the S&P 500 of 1.64%. Lennox's stock has tumbled 37.1% year to date, while the S&P 500 has dropped 18.0%.
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