Lincoln Electric Board Approves 14.3% Dividend Increase
October 18 2022 - 4:30PM
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today
that its Board of Directors has approved a 14.3% increase in the
quarterly cash dividend, from $0.56 per share to $0.64 per share,
or to $2.56 per share on an annualized basis. This marks the 27th
consecutive annual increase of the dividend. The dividend is
payable January 13, 2023 to shareholders of record at the close of
business on December 31, 2022.
“Our dividend increase reflects the strong
execution of our Higher Standard 2025 Strategy and our confidence
in the strength of future cash flow generation through the cycle,”
said Christopher L. Mapes, Chairman, 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
56 manufacturing locations in 19 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.
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
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