Lincoln Electric hikes dividend by 14.3%

On October 18, 2022, Lincoln Electric Holdings, Inc. (LECO) announced that it will raise its quarterly dividend by 14.3% to 64 cents per share. This will mark the 27th consecutive year of annual dividend increases by the welding products maker.

The dividend is payable January 13, 2023 to shareholders of record at the close of business on December 31, 2022. The new dividend yield for LECO is 1.9% at a stock price of $133.

“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 Holdings, Inc. is a manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. The three operating segments consist of Americas Welding, International Welding and The Harris Products Group. The Lincoln Electric Company began operations in 1895 and was incorporated under the laws of the State of Ohio in 1906. During 1998, The Lincoln Electric Company reorganized into a holding company structure, and Lincoln Electric Holdings, Inc. became the publicly-held parent of Lincoln Electric subsidiaries worldwide, including The Lincoln Electric Company.