Lincoln Electric Holdings, Inc. (LECO) To Go Ex-Dividend on September 30th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 30th.

Lincoln Electric has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 30 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 Up 0.5%

LECO opened at $250.38 on Friday. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.53 and a beta of 1.20. The firm has a 50 day moving average price of $260.11 and a 200-day moving average price of $263.45. Lincoln Electric has a twelve month low of $216.22 and a twelve month high of $310.00. The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.76.

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