Lincoln Electric Announces 5.3% Dividend Increase
Lincoln Electric (Nasdaq: LECO) announced a 5.3% increase in its quarterly cash dividend to $0.79 per share (annualized $3.16).
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Marks the Company’s 30th Consecutive Annual Dividend Increase
“I am pleased to announce our 30th consecutive annual dividend increase,” stated Steven B. Hedlund, chairman, president and chief executive officer. “This increase reflects our longstanding commitment of balancing shareholder returns with growth investments. The strong execution of our operational and commercial strategic initiatives and solid cash flow generation reinforce our confidence in driving superior long-term value creation for our shareholders through the cycle.”
About Lincoln Electric
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world. Headquartered in
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Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
Source: Lincoln Electric Holdings, Inc.