Lincoln Electric Announces 5.6% Dividend Increase
17 Octubre 2024 - 3:30PM
Business Wire
29th Consecutive Annual Dividend Increase
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today
that its Board of Directors has approved a 5.6% increase in the
quarterly cash dividend to $0.75 per share, or $3.00 per share on
an annualized basis. The dividend is payable January 15, 2025, to
shareholders of record at the close of business on December 31,
2024.
“Our dividend increase reflects strong cash flow generation of
the business, solid execution of our Higher Standard 2025 Strategy,
and confidence in our ability to continue to deliver superior
long-term value for our shareholders through the cycle,” stated
Steven B. Hedlund, President and Chief Executive Officer.
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 Cleveland, Ohio, Lincoln has 71 manufacturing
locations in 21 countries and a worldwide network of distributors
and sales offices serving customers in over 160 countries. For more
information about Lincoln Electric and its products and services,
visit the Company’s website at https://www.lincolnelectric.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241017835973/en/
Amanda Butler Vice President, Investor Relations &
Communications Tel: 216.383.2534 Email:
Amanda_Butler@lincolnelectric.com
Lincoln Electric (NASDAQ:LECO)
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