Lincoln Electric Board Approves 4.3% Dividend Increase

CLEVELAND, Oct. 22, 2019 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 4.3% increase in the quarterly cash dividend, from $0.47 per share to $0.49 per share, or to $1.96 per share on an annualized basis. This marks the twenty-fourth consecutive annual increase of the dividend. The declared quarterly cash dividend of $0.49 per common share is payable January 15, 2020 to shareholders of record at the close of business on December 31, 2019. 
“The dividend increase reflects the strength of our balance sheet and strong cash generation through an economic cycle,” stated Christopher L. Mapes, Chairman, President and Chief Executive Officer. “We believe our balanced approach of investing in long-term growth while returning cash to shareholders generates superior value.”About Lincoln ElectricLincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market.  Headquartered in Cleveland, Ohio, Lincoln has 60 manufacturing locations, including operations and joint ventures in 19 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.ContactAmanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com

Disclaimer & Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.