Lennox International Inc.
LIIIndustrials · Building Products & Equipment · Stock · quarterly payer
Forward Yield
1.52%
Annual Dividend
$5.44
Payout Ratio
23%
5-Yr Growth
10.4%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about LII's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Lennox International Inc. (LII) has a forward dividend yield of 1.52%, based on an annual dividend of $5.44 per share and a share price of $357.73.
- As of Oct 18, 2026, LII's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Lennox International Inc. (LII) has raised its dividend for 16 consecutive years as of Oct 18, 2026.
- LII has never cut its regular dividend in the payment history SmarterDividends has on record.
- LII's most recent ex-dividend date was Sep 30, 2026, for a dividend of $1.36 per share.
- As of Oct 18, 2026, LII pays out 23% of its trailing 12-month earnings as dividends (its payout ratio).
- LII's dividend has grown at an average rate of 10.4% a year over the past five years.
- As of Oct 18, 2026, LII's 1.52% yield is 29% above its five-year average yield of 1.18%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for LII is $380.03 per share, 6% above the $357.73 share price, so LII screens as fairly valued.
- Lennox International Inc. (LII) pays its dividend quarterly, 4 times a year.
- Lennox International Inc. (LII) has raised its regular dividend 21 times and cut it 0 times across the 109 payments on record since 1999. Its most recent change was a 4.6% increase to $1.36 per share, going ex-dividend on Jun 30, 2026.
Cite this page
SmarterDividends, "LII Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/LII
Summary
As of Oct 18, 2026, Lennox International Inc. (LII) yields 1.52% ($5.44 a year per share), has a dividend safety grade of A (91/100) and has 16 consecutive years of dividend increases on record.
Is LII a good dividend stock?
YesLennox International Inc. (LII) pays a quarterly dividend yielding 1.52% ($5.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (23%)
- Strong 10.4% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.52%
- Payout Ratio
- 23%
- Annual Dividend
- $5.44
- 5-Yr Avg Growth
- 10.4%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 1.16
- Market Cap
- $12.4B
- P/E Ratio
- 15.8
- 5-Yr Total Return
- 16%
- 52-Week Range
- $340.32 – $587.27
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
LII dividend raises and cuts
Lennox International Inc. (LII) has raised its regular dividend 21 times and cut it 0 times across the 109 payments on record since 1999. Its most recent change was a 4.6% increase to $1.36 per share, going ex-dividend on Jun 30, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 30, 2026 | Raise | $1.30 → $1.36 | +4.6% |
| Jun 30, 2025 | Raise | $1.15 → $1.30 | +13.0% |
| Jun 28, 2024 | Raise | $1.10 → $1.15 | +4.5% |
| Jun 29, 2023 | Raise | $1.06 → $1.10 | +3.8% |
| Jun 29, 2022 | Raise | $0.920 → $1.06 | +15.2% |
| Jun 29, 2021 | Raise | $0.770 → $0.920 | +19.5% |
| Jun 27, 2019 | Raise | $0.640 → $0.770 | +20.3% |
| Jun 28, 2018 | Raise | $0.510 → $0.640 | +25.5% |
| Jun 28, 2017 | Raise | $0.430 → $0.510 | +18.6% |
| Jun 28, 2016 | Raise | $0.360 → $0.430 | +19.4% |
| Jun 26, 2015 | Raise | $0.300 → $0.360 | +20.0% |
| Jun 26, 2014 | Raise | $0.240 → $0.300 | +25.0% |
Show all 21 changes since 1999
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 26, 2013 | Raise | $0.200 → $0.240 | +20.0% |
| Oct 2, 2012 | Raise | $0.180 → $0.200 | +11.1% |
| Mar 23, 2011 | Raise | $0.150 → $0.180 | +20.0% |
| Mar 24, 2010 | Raise | $0.140 → $0.150 | +7.1% |
| Dec 26, 2007 | Raise | $0.130 → $0.140 | +7.7% |
| Dec 22, 2006 | Raise | $0.110 → $0.130 | +18.2% |
| Dec 22, 2005 | Raise | $0.100 → $0.110 | +10.0% |
| Dec 22, 2004 | Raise | $0.0950 → $0.100 | +5.3% |
| Dec 15, 1999 | Raise | $0.0850 → $0.0950 | +11.8% |
Frequently Asked Questions
Is LII a good dividend stock?
Yes. Lennox International Inc. (LII) pays a quarterly dividend yielding 1.52% ($5.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is LII undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LII's fair value is about $380.03 versus a $357.73 share price — so it looks fairly valued (+6% vs. fair value).
Is LII's dividend safe?
LII has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is LII's fair value?
Our blended fair-value estimate for LII is about $380.03 per share, roughly 6% above the current $357.73 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is LII a buy, hold, or sell?
We don't issue formal ratings, but on the data LII screens as "yes" and fairly valued. Lennox International Inc. (LII) pays a quarterly dividend yielding 1.52% ($5.44/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will LII cut its dividend?
LII earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does LII pay a dividend?
Yes. Lennox International Inc. pays a quarterly dividend of about $5.44 per share annually, a forward yield of roughly 1.52%.
What is LII's dividend yield?
As of Oct 18, 2026, LII's forward dividend yield is 1.52%, based on a $5.44 annual dividend and a $357.73 share price.
What is LII's dividend per share?
As of Oct 18, 2026, LII pays $5.44 per share per year, distributed on a quarterly basis.
What is LII's dividend payout ratio?
As of Oct 18, 2026, LII's payout ratio is 23% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has LII grown its dividend?
As of Oct 18, 2026, LII has increased its dividend for 16 consecutive years.
When is the next LII ex-dividend date?
As of Oct 18, 2026, LII's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $1.36 per share.
LII Price — Last 12 Months
Daily close
Price Return
1 Year
-28%
3 Years
-12%
5 Years
+16%
52-Week Range
$340.32 – $587.27
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LII worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Lennox International Inc. is $380.03 per share, versus a market price of $357.73. That implies the stock is roughly fairly priced.
Fair Value
$380.03
Current Price
$357.73
Gap
+6%
Margin of Safety
6%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.0% annual free-cash-flow growth. We model 8.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.1% discount rate (CAPM), 8.7% growth for five years fading to 2.5% over the next five, $22.68 EPS, $5.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LII Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full LII dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 15, 2026 | $1.3600 | regular |
| Jun 30, 2026 | Jul 15, 2026 | $1.3600 | regular |
| Mar 31, 2026 | Apr 15, 2026 | $1.3000 | regular |
| Dec 31, 2025 | Jan 15, 2026 | $1.3000 | regular |
| Sep 30, 2025 | Oct 15, 2025 | $1.3000 | regular |
| Jun 30, 2025 | Jul 15, 2025 | $1.3000 | regular |
| Apr 30, 2025 | May 15, 2025 | $1.1500 | regular |
| Dec 31, 2024 | Jan 15, 2025 | $1.1500 | regular |
| Sep 30, 2024 | Oct 15, 2024 | $1.1500 | regular |
| Jun 28, 2024 | Jul 15, 2024 | $1.1500 | regular |
| Mar 27, 2024 | Apr 15, 2024 | $1.1000 | regular |
| Dec 28, 2023 | Jan 17, 2024 | $1.1000 | regular |
| Aug 30, 2023 | Sep 15, 2023 | $1.1000 | regular |
| Jun 29, 2023 | Jul 14, 2023 | $1.1000 | regular |
Income Calculator
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