Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Announces Quarterly Dividend of $0.87

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.87 per share by the industrial products company on Friday, January 15th. This represents a $3.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 31st. This is a 10.1% increase from Lincoln Electric’s previous quarterly dividend of $0.79.

Lincoln Electric has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 30 consecutive years. Lincoln Electric has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lincoln Electric to earn $12.43 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 25.4%.

Lincoln Electric Stock Performance

LECO stock opened at $257.81 on Thursday. The firm has a market cap of $14.05 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The company has a current ratio of 1.98, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average price of $271.59 and a 200-day moving average price of $263.87. Lincoln Electric has a 1-year low of $216.22 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Lincoln Electric will post 11.18 earnings per share for the current year.

About Lincoln Electric

Lincoln Electric Holdings, Inc is a Cleveland, Ohio-based manufacturer of welding, cutting and industrial automation products. The company serves manufacturers, fabricators, construction companies, maintenance and repair operations, utilities, and other industrial customers.

Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories, and related safety products. Lincoln Electric also provides automated and robotic welding systems, engineered solutions, training, and technical support.