Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Announces $0.79 Quarterly Dividend

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.79 per share by the industrial products company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Lincoln Electric has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 30 consecutive years. Lincoln Electric has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lincoln Electric to earn $11.95 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 26.4%.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $249.17 on Thursday. The business has a 50 day simple moving average of $260.43 and a 200 day simple moving average of $263.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Lincoln Electric has a 12-month low of $216.22 and a 12-month high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $2.16 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Lincoln Electric will post 10.85 EPS for the current year.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.