Lincoln Electric Board Declares Dividend
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) declared a quarterly cash dividend of $0.51 per common share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) declared a quarterly cash dividend of $0.51 per common share. This dividend will be payable on July 15, 2021, to shareholders on record as of June 30, 2021. Lincoln Electric is a global leader in welding and cutting solutions, operating 55 manufacturing locations across 18 countries with a distribution network in over 160 countries.
Positive
- Quarterly cash dividend of $0.51 per share enhances shareholder value.
- Confidence in sustainable income for shareholders indicated by consistent dividend payments.
Negative
- None.
Details
News Market Reaction – LECO
The recorded move for LECO in the trading session of this news was -0.63%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLEVELAND, April 21, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of
Business
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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