CLEVELAND, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq:LECO) announced today that its Board of Directors has approved an 11.4% increase in the quarterly cash dividend, from $0.35 per share to $0.39 per share, or to $1.56 per share on an annualized basis. This marks the twenty-second consecutive annual increase of the dividend. The declared quarterly cash dividend of $0.39 per common share is payable January 12, 2018 to shareholders of record as of December 29, 2017.
“Today’s announcement reflects the Board’s confidence in the execution of our ‘2020 Vision and Strategy,’ our track record of solid cash flow generation and our commitment to return cash to shareholders,” stated Christopher L. Mapes, chairman, president and chief executive officer.
About Lincoln Electric
Lincoln Electric is the world leader in the design, development and manufacture 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. Headquartered in Cleveland, Ohio, Lincoln has 63 manufacturing locations, including operations and joint ventures in 23 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 http://www.lincolnelectric.com.
Director, Investor Relations
Source:Lincoln Electric Holdings, Inc.