Lincoln Electric Board Authorizes Dividend Increase
November 29 2007 - 12:34PM
PR Newswire (US)
CLEVELAND, Nov. 29 /PRNewswire-FirstCall/ -- The Lincoln Electric
Holdings, Inc. (NASDAQ:LECO) Board of Directors today declared a
cash dividend increase of 13.6% from $0.22 per share quarterly to
$0.25 per share quarterly, or $1.00 on an annualized basis.
December 31, 2007 will be the record date for the quarterly cash
dividend, which will be payable on January 15, 2008. Lincoln
Electric is the world leader in the design, development and
manufacture of arc welding products, robotic arc-welding systems,
plasma and oxyfuel cutting equipment and has a leading global
position in the brazing and soldering alloys market. Headquartered
in Cleveland, Ohio, Lincoln has 35 manufacturing locations,
including operations, manufacturing alliances 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, its products and services, visit the
Company's Web site at http://www.lincolnelectric.com/. The
Company's expectations and beliefs concerning the future contained
in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements reflect management's current expectations and
involve a number of risks and uncertainties. Actual results may
differ materially from such statements due to a variety of factors
that could adversely affect the Company's operating results. The
factors include, but are not limited to: the effectiveness of
operating initiatives; currency exchange and interest rates;
adverse outcome of pending or potential litigation; possible
acquisitions; market risks and price fluctuations related to the
purchase of commodities and energy; global regulatory complexity;
and the possible effects of international terrorism and hostilities
on the Company or its customers, suppliers and the economy in
general. For additional discussion, see "Item 1A. Risk Factors" in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2006. DATASOURCE: Lincoln Electric Holdings, Inc.
CONTACT: Media, Roy L. Morrow, +1-216-383-4893, ; Investors, Joe
Kelley, +1-216-383-8346, Web site: http://www.lincolnelectric.com/
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