Lincoln Electric Board Approves 9.7% Dividend Increase
CLEVELAND, Nov. 3, 2011 /PRNewswire/ — The Lincoln Electric Holdings, Inc. (Nasdaq: LECO) Board of Directors has approved a 9.7% increase in the Company’s quarterly dividend from $0.155 per share to $0.17 per share, or $0.68 on an annual basis. The dividend is payable January 13, 2012, to holders of record as of December 31, 2011.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln Electric has 43 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric, its products and services, visit the Company’s website at http://www.lincolnelectric.com.
SOURCE Lincoln Electric Holdings, Inc.