Linde plc: Linde Announces Dividend Increase for 2022 and New $10 Billion Share Repurchase Program

Rhea-AI Summary

Linde plc (NYSE:LIN) announced a quarterly dividend of $1.17 per share, marking a 10% increase from the previous quarter, payable on March 25, 2022. Additionally, the company has launched a new $10 billion share repurchase program, replacing the previous $5 billion program that was recently completed. The new program will allow repurchase of up to 15% of outstanding shares with an expiration date set for July 31, 2024. Linde continues to emphasize strong cash flow and shareholder rewards through dividends and repurchases.

Positive

• Quarterly dividend increased by 10% to $1.17 per share.
• $10 billion share repurchase program enhances shareholder value.
• Strong cash flow and commitment to annual dividend increases.

Negative

• None.

GUILDFORD, UK / ACCESSWIRE / February 28, 2022 / Linde plc (NYSE:LIN)(FWB:LIN) today announced that its Board of Directors has declared a quarterly dividend of $1.17 per share, reflecting a 10% increase over the previous quarter's dividend. The dividend is payable on March 25, 2022 to shareholders of record on March 11, 2022.

The Board of Directors also approved a new share repurchase program for up to $10 billion of Linde's ordinary shares. This new program replaces the $5 billion share repurchase program that was authorized on January 25, 2021 and was recently completed.

"In 2021, Linde again generated record cash flow," said incoming Chief Executive Officer, Sanjiv Lamba. "Our capital allocation priorities are to maintain a strong balance sheet, invest in high-quality growth opportunities and continue our track record of paying and annually increasing the dividend. Any surplus cash will be used to reward shareholders through a share repurchase program."

Pursuant to European Market Abuse Regulation (MAR) requirements, this new share repurchase program must set forth a maximum share capital repurchase amount and an expiration date, which the Board has set at 15% of outstanding shares and July 31, 2024, respectively.

About Linde

Linde is a leading global industrial gases and engineering company with 2021 sales of $31 billion (€26 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Contacts:

Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com

Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com

SOURCE: Linde plc

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FAQ

What is the new dividend declared by Linde plc for 2022?

Linde plc declared a quarterly dividend of $1.17 per share, a 10% increase from the previous quarter.

How much is the new share repurchase program announced by Linde plc?

The new share repurchase program is for up to $10 billion.

When is the dividend for Linde plc payable?

The dividend is payable on March 25, 2022, to shareholders of record on March 11, 2022.

What percentage of outstanding shares can Linde plc repurchase under the new program?

Linde plc can repurchase up to 15% of its outstanding shares under the new program.