Lincoln Electric Announces 11% Dividend Increase
17 Outubro 2023 - 5:30PM
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today
that its Board of Directors has approved an 11% increase in the
quarterly cash dividend, from $0.64 per share to $0.71 per share,
or to $2.84 per share on an annualized basis. The dividend is
payable January 12, 2024, to shareholders of record at the close of
business on December 31, 2023.
“Our dividend increase reflects strong execution
of our Higher Standard 2025 Strategy, record cash flow generation,
and confidence in our ability to continue to generate superior
long-term value for our shareholders,” said Christopher L. Mapes,
Chairman, President and Chief Executive Officer.
About Lincoln Electric
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.
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
Lincoln Electric (NASDAQ:LECO)
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