Lennox International Inc Dividends
The next dividend date for Lennox International Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Lennox International Inc (LII)
More About Lennox International Inc
Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name. The Building Climate Solutions segment offers unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial, curb, curb adapters, drop box diffusers, HVAC recycling, and salvage service. This segment also provides condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, and refrigeration rack systems for preserving food and other perishables; and compressor racks and industrial process chillers under the Lennox, Model L, CORE, Enlight, Xion, Energence, Prodigy, Strategos, Raider, Lennox VRF, Lennox National Account Services, Allied Commercial, Elite, AES Industries, Mechanical, and Reclaim, Heatcraft Worldwide and Chandler Refrigeration, Bohn, MAGNA, Larkin, Climate Control, Chandler Refrigeration, IntelliGen, and Interlink brand name. In addition, the company provides small package units, rooftop units, chillers, air handlers, and fan coils. It sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. The company was founded in 1895 and is headquartered in Richardson, Texas.
Owning Lennox International Inc Stock on the Dividend Date
If you own Lennox International Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Lennox International Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Lennox International Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Lennox International Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Lennox International Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Lennox International Inc Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Lennox International Inc stock price from the dividend is already baked into Lennox International Inc option prices.
That means the prices of call options that overlap the Lennox International Inc ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Lennox International Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Lennox International Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Lennox International Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Lennox International Inc Dividends
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