Lennox International Inc. said Wednesday it was raising its quarterly dividend 19%, to 51 cents a share from 43 cents a share. The Dallas-based heating, air conditioning and refrigeration company said the new dividend will be payable July 17 to shareholders of record on June 30. At current stock prices, the new annual dividend rate of $2.04 implies a dividend yield of 1.19%, compared with the S&P 500 implied yield of 2.04%, according to FactSet. Lennox’s stock, which was down 0.5% in afternoon trade, has run up 12% year to date while the S&P 500 has gained 5.6%.
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