Lincoln Electric Board Declares Dividend

Rhea-AI Summary

Lincoln Electric Holdings (Nasdaq: LECO) has announced a quarterly cash dividend of $0.64 per common share, set to be paid on April 14, 2023, to shareholders of record as of March 31, 2023. This dividend reflects the company’s commitment to returning value to its shareholders. Lincoln Electric is the global leader in advanced arc welding solutions and operates 56 manufacturing locations across 19 countries, serving customers in over 160 countries. The company is recognized for its expertise in materials science, software development, and automation engineering.

Positive

• Quarterly cash dividend of $0.64 per share signals strong shareholder returns.
• Global leadership in advanced arc welding solutions supports long-term growth.

Negative

• None.

CLEVELAND, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.64 per common share, payable April 14, 2023 to shareholders of record as of March 31, 2023.

Business

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.

FAQ

What is the dividend amount for Lincoln Electric in 2023?

Lincoln Electric has declared a quarterly cash dividend of $0.64 per common share.

When is the dividend for LECO payable?

The dividend is payable on April 14, 2023.

What is the record date for Lincoln Electric's dividend?

The record date for the dividend is March 31, 2023.

How often does Lincoln Electric pay dividends?

Lincoln Electric pays dividends quarterly.

Is Lincoln Electric's dividend sustainable?

The company’s strong market position and ongoing commitment to shareholder returns suggest sustainability.