Market Overview

Lennox International Declares Dividend and Announces New Stock Repurchase Program

DALLAS, Dec. 7, 2012 /PRNewswire/ -- The board of directors of Lennox International Inc. (NYSE: LII) voted to declare a quarterly cash dividend of $0.20 per share of common stock.  The dividend is payable on December 28, 2012, to stockholders of record as of December 17, 2012. 

(Logo: http://photos.prnewswire.com/prnh/20020304/DAM053LOGO)

The board of directors of Lennox International Inc. also approved an additional share repurchase program of $300 million of its common stock.  The Company may also repurchase about $71 million of its common stock under an earlier share repurchase program.

Lennox International Inc. is a global leader in the heating, ventilation, air conditioning, and refrigeration markets.  Lennox International Inc. stock is traded on the New York Stock Exchange under the symbol "LII." Additional information is available at www.lennoxinternational.com or by contacting Steve Harrison, Vice President, Investor Relations, at 972-497-6670.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lennox International's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

SOURCE Lennox International Inc.

 

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