Lincoln Electric Holdings, Inc. (LECO) To Go Ex-Dividend on June 30th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.79 per share by the industrial products company on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Lincoln Electric has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 30 years. Lincoln Electric has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lincoln Electric to earn $11.91 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 26.5%.

Lincoln Electric Stock Down 2.6%

LECO stock opened at $266.56 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. The firm has a market capitalization of $14.60 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.64 and a beta of 1.21. Lincoln Electric has a 52-week low of $205.36 and a 52-week high of $310.00. The company’s 50 day simple moving average is $263.73 and its 200-day simple moving average is $261.93.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.08. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $2.16 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Lincoln Electric will post 10.82 EPS for the current year.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.