By Olivia Bugault

 

Linde PLC said late Monday that it will increase its quarterly dividend and start a new share buyback program for up to $5 billion of the company's ordinary shares.

The industrial-gases and engineering company is raising its quarterly dividend by 10% to $1.06 a share, payable on March 22, it said.

Meanwhile, Linde said its new share-repurchase program will replace its existing one that will expire on Feb. 1. Under the program, Linde will be able to buy up to 15% of its outstanding shares between February and the end of July 2023.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

January 26, 2021 01:22 ET (06:22 GMT)

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