Lincoln Electric Board Approves 9.8% Dividend Increase
2021年10月20日 - 5:30AM
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today
that its Board of Directors has approved a 9.8% increase in the
quarterly cash dividend, from $0.51 per share to $0.56 per share,
or to $2.24 per share on an annualized basis. This marks the 26th
consecutive annual increase of the dividend. The dividend is
payable January 14, 2022 to shareholders of record at the close of
business on December 31, 2021.
“Our long-term strategic focus on commercial and
operational excellence continues to generate superior cash flows
and returns for our shareholders through the cycle,” said
Christopher L. Mapes, Chairman, President and Chief Executive
Officer. “This increase reflects our confidence in our 2025 Higher
Standard Strategy and the strength of future cash flow
generation.”
About Lincoln Electric
Lincoln Electric is the world leader in the
design, development and manufacture of arc welding products,
automated joining, assembly and cutting systems, plasma and
oxy-fuel cutting equipment, and has a leading global position in
brazing and soldering alloys. Headquartered in Cleveland, Ohio,
Lincoln has 55 manufacturing locations in 18 countries and a
worldwide network of distributors and sales offices covering more
than 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
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