GlobeNewswire
CLEVELAND, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 14.3% increase in the quarterly cash dividend, from $0.56 per share to $0.64 per share, or to $2.56 per share on an annualized basis. This marks the 27th consecutive annual increase of the dividend. The dividend is payable January 13, 2023 to shareholders of record at the close of business on December 31, 2022.
“Our dividend increase reflects the strong execution of our Higher Standard 2025 Strategy and our confidence in the strength of future cash flow generation through the cycle,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer.
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 .
Contact
Amanda Butler
Vice President, Investor Relations & Communications
Tel: 216.383.2534
Email: Amanda_Butler@lincolnelectric.com
source: https://www.morningstar.com/news/globe-newswire/8667459/lincoln-electric-board-approves-143-dividend-increase
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