Linde PLC (LIN) To Go Ex-Dividend on September 3rd

Linde PLC (NASDAQ:LIN) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, September 3rd will be given a dividend of 1.60 per share by the basic materials company on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 3rd.

Linde has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Linde has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Linde to earn $19.63 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 32.6%.

Linde Price Performance

NASDAQ:LIN opened at $511.17 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a 50 day moving average price of $516.17 and a 200-day moving average price of $495.91. Linde has a 1-year low of $387.78 and a 1-year high of $548.20. The firm has a market cap of $236.34 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities research analysts forecast that Linde will post 17.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LIN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. UBS Group reiterated a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets restated an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Finally, Sanford C. Bernstein set a $559.00 price target on shares of Linde in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Linde presently has an average rating of “Buy” and an average target price of $548.67.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher?value specialty and electronic gases.