Lincoln Electric Board Raises Dividend For 25th Consecutive Year
October 20 2020 - 4:30PM
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today
that its Board of Directors has approved a 4.1% increase in the
quarterly cash dividend, from $0.49 per share to $0.51 per share,
or to $2.04 per share on an annualized basis. This marks the 25th
consecutive annual increase of the dividend. The dividend is
payable January 15, 2021 to shareholders of record at the close of
business on December 31, 2020.
“We are proud to return value to our shareholders
with 25-years of consecutive dividend increases – placing Lincoln
Electric in a select group of companies,” said Christopher L.
Mapes, Chairman, President and Chief Executive Officer. “The
strength of our cash flow and balance sheet allows us to pursue
long-term strategic growth while remaining committed to our
dividend through the cycle.”
About Lincoln Electric
Lincoln Electric is the world leader in the
design, development and manufacture of arc welding products,
automated joining, assembly and cutting systems, plasma and
oxy-fuel cutting equipment, and has a leading global position in
brazing and soldering alloys. Headquartered in Cleveland, Ohio,
Lincoln Electric has 59 manufacturing locations in 18 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.
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
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