Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to Issue Quarterly Dividend of $0.47

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.47 per share by the industrial products company on Monday, July 15th. This represents a $1.88 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, June 27th.

Lincoln Electric has increased its dividend payment by an average of 10.4% per year over the last three years and has increased its dividend every year for the last 15 years. Lincoln Electric has a payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lincoln Electric to earn $5.80 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 32.4%.

Shares of Lincoln Electric stock opened at $80.16 on Wednesday. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Lincoln Electric has a fifty-two week low of $72.28 and a fifty-two week high of $97.93. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $79.56.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Monday, April 22nd. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). Lincoln Electric had a return on equity of 35.14% and a net margin of 9.83%. The firm had revenue of $759.17 million for the quarter, compared to analysts’ expectations of $767.41 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Lincoln Electric will post 5.19 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Lincoln Electric presently has a consensus rating of “Hold” and an average target price of $94.75.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Dividend History for Lincoln Electric (NASDAQ:LECO)

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