Lincoln Electric Board Approves 9.4% Dividend Increase
October 18 2016 - 4:30PM
Lincoln Electric Holdings, Inc., (Nasdaq:LECO) announced today that
its Board of Directors has approved a 9.4% increase in the
quarterly cash dividend, from $0.32 per share to $0.35 per share,
or to $1.40 per share on an annualized basis. The declared
quarterly cash dividend of $0.35 per common share is payable
January 13, 2017 to shareholders of record as of December 31,
2016.
“Today’s announcement marks our twenty-first consecutive year of
dividend increases and represents a 75% increase in our dividend
payout rate over the last five years,” stated Christopher L. Mapes,
Chairman, President and Chief Executive Officer. “The
increase reflects confidence in our cash flow generation and our
commitment to return cash to shareholders while continuing to
invest in the long-term success of the Company.”
About Lincoln Electric
Lincoln 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 48 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 http://www.lincolnelectric.com.
Contact
Amanda Butler
Director, Investor Relations
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
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