Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to Issue Quarterly Dividend of $0.79

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.79 per share by the industrial products company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th.

Lincoln Electric has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 30 years. Lincoln Electric has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lincoln Electric to earn $10.08 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 31.3%.

Lincoln Electric Trading Down 1.1%

NASDAQ LECO opened at $252.48 on Friday. The company’s 50-day moving average price is $268.03 and its 200-day moving average price is $251.67. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.84 billion, a PE ratio of 27.09, a PEG ratio of 1.58 and a beta of 1.28. Lincoln Electric has a 12 month low of $169.69 and a 12 month high of $310.00.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Lincoln Electric had a net margin of 12.30% and a return on equity of 39.35%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. Equities research analysts forecast that Lincoln Electric will post 9.36 earnings per share 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.