Lincoln Electric Holdings, Inc. (LECO) to Issue Quarterly Dividend of $0.87 on January 15th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, October 14th. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend 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 by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 30 consecutive years. Lincoln Electric has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ:LECO opened at $260.24 on Friday. The company’s fifty day moving average is $271.22 and its two-hundred day moving average is $263.96. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. Lincoln Electric has a 12-month low of $216.22 and a 12-month high of $310.00. The company has a market cap of $14.18 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21.

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

Lincoln Electric Company Profile

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.