Lincoln Electric Board Declares Dividend

Rhea-AI Summary

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has declared a quarterly cash dividend of $0.64 per common share, scheduled for payment on July 14, 2023. Shareholders must be on record by June 30, 2023 to receive this dividend. The company is a recognized global leader in the engineering and manufacturing of advanced welding solutions, with operations across 71 manufacturing locations in 20 countries, serving customers in over 160 countries. Lincoln Electric is noted for its expertise in materials science, automation engineering, and application support, contributing significantly to the fabrication industry.

Positive

• Declared quarterly cash dividend of $0.64 per common share, enhancing income for shareholders.
• Strong global presence with 71 manufacturing locations in 20 countries, indicating robust business infrastructure.

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• None.

CLEVELAND, April 18, 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 July 14, 2023 to shareholders of record as of June 30, 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 71 manufacturing locations in 20 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 declared by Lincoln Electric?

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

When will the dividend be paid to shareholders of Lincoln Electric?

The dividend will be paid on July 14, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is June 30, 2023.

How often does Lincoln Electric pay dividends?

Lincoln Electric typically pays dividends quarterly.

What is Lincoln Electric's position in the welding industry?

Lincoln Electric is the world leader in engineering and manufacturing advanced welding solutions.