Lincoln Electric Board Approves 9.8% Dividend Increase
Lincoln Electric Holdings, Inc. (LECO) has announced a 9.8% increase in its quarterly cash dividend from $0.51 per share to $0.56 per share, totaling $2.24 on an annualized basis.
Sentiment and the balance of points
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Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) has announced a 9.8% increase in its quarterly cash dividend from $0.51 per share to $0.56 per share, totaling $2.24 on an annualized basis. This marks the 26th consecutive annual increase in dividends, reflecting the company's strong cash flow generation. The dividend is payable on January 14, 2022 for shareholders of record by December 31, 2021. CEO Christopher L. Mapes emphasizes confidence in their 2025 Higher Standard Strategy.
Positive
- 9.8% increase in quarterly cash dividend from $0.51 to $0.56 per share.
- 26th consecutive annual dividend increase.
- Annualized dividend amount of $2.24 per share.
- Reflects strong future cash flow generation confidence.
Negative
- None.
Details
News Market Reaction – LECO
The recorded move for LECO in the trading session of this news was +3.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLEVELAND, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a
“Our long-term strategic focus on commercial and operational excellence continues to generate superior cash flows and returns for our shareholders through the cycle,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “This increase reflects our confidence in our 2025 Higher Standard Strategy and the strength of future cash flow generation.”
About Lincoln Electric
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Headquartered in Cleveland, Ohio, Lincoln has 55 manufacturing locations in 18 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com.
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
FAQ
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