Lincoln Electric Holdings Inc Declares Dividend

Current Yield of 1.35%

Ex-Dividend Date Set for July 17, 2023

CLEVELAND, July 17, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.284 per common share, payable on September 15, 2023, to shareholders of record as of the close of business on July 17, 2023. This dividend represents an annualized dividend of $1.136 per share and a current yield of 1.35% based on the closing price of Lincoln Electric Holdings, Inc. common shares on July 14, 2023, of $84.23.

Lincoln Electric Holdings, Inc. has a long history of paying dividends to its shareholders. The company has increased its dividend for 17 consecutive years, and it currently has a dividend yield of 1.35%, which is higher than the average yield of the S&P 500 Index.

The ex-dividend date is the date on which a shareholder must own a stock in order to receive the dividend. For the Lincoln Electric Holdings, Inc. dividend, the ex-dividend date is July 17, 2023. This means that investors who purchase Lincoln Electric Holdings, Inc. common shares on or after July 17, 2023, will not be entitled to receive the dividend that is payable on September 15, 2023.