Linde PLC (NASDAQ:LIN – Get Free Report) declared a quarterly dividend on Monday, April 27th. Investors of record on Thursday, June 4th will be paid a dividend of 1.60 per share by the basic materials company on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th.
Linde has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Linde has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Linde to earn $19.43 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 32.9%.
Linde Trading Up 0.1%
Shares of LIN opened at $510.75 on Tuesday. The business’s 50-day moving average price is $495.76 and its 200 day moving average price is $455.03. The stock has a market capitalization of $236.68 billion, a P/E ratio of 35.01, a P/E/G ratio of 3.22 and a beta of 0.78. Linde has a 1-year low of $387.78 and a 1-year high of $512.96. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52.
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.
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