Lincoln Electric Board Approves 11.4% Dividend Increase
October 17 2017 - 4:30PM
Lincoln Electric Holdings, Inc., (Nasdaq:LECO) announced today that
its Board of Directors has approved an 11.4% increase in the
quarterly cash dividend, from $0.35 per share to $0.39 per share,
or to $1.56 per share on an annualized basis. This marks the
twenty-second consecutive annual increase of the dividend. The
declared quarterly cash dividend of $0.39 per common share is
payable January 12, 2018 to shareholders of record as of December
29, 2017.
“Today’s announcement reflects the Board’s confidence in the
execution of our ‘2020 Vision and Strategy,’ our track record of
solid cash flow generation and our commitment to return cash to
shareholders,” stated Christopher L. Mapes, chairman, president and
chief executive officer.
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 63 manufacturing
locations, including operations and joint ventures in 23 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 ButlerDirector, Investor RelationsTel: 216.383.2534Email:
Amanda_Butler@lincolnelectric.com
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