Lincoln Electric Board Declares Dividend

Rhea-AI Summary

On February 16, 2022, Lincoln Electric Holdings declared a quarterly cash dividend of $0.56 per common share, payable on April 15, 2022, to shareholders of record by March 31, 2022. As a global leader in welding solutions, Lincoln Electric excels in engineering, design, and manufacturing of advanced welding equipment and systems. With a robust presence of 56 manufacturing locations in 19 countries and distribution in over 160 countries, the company continues to innovate in material science and automation engineering.

Positive

• Quarterly cash dividend of $0.56 per common share enhances shareholder returns.
• Strong global presence with 56 manufacturing locations in 19 countries supports operational efficiency.

Negative

• None.

CLEVELAND, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.56 per common share, payable April 15, 2022 to shareholders of record as of March 31, 2022.

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 material 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 declared by Lincoln Electric for 2022?

Lincoln Electric declared a dividend amount of $0.56 per common share.

When is the payment date for the dividend?

The dividend is payable on April 15, 2022.

What is the record date for the dividend?

The record date for the dividend is March 31, 2022.

How does Lincoln Electric's global presence impact its business?

Lincoln Electric's global presence with 56 manufacturing locations allows it to efficiently serve customers in over 160 countries, enhancing its competitive advantage.