Lincoln Electric Board Approves 15% Dividend Increase
Quarterly Dividend Increases $0.03 to $0.23 Per Share
CLEVELAND, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc.,
(Nasdaq:LECO) announced today that its Board of Directors has approved a 15%
increase in the quarterly cash dividend, from $0.20 per share to $0.23 per
share, or to $0.92 per share on an annualized basis. The declared quarterly
cash dividend of $0.23 per common share is payable January 15, 2014 to
shareholders of record as of December 31, 2013.
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 has 45
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 and its
products and services, visit the Company's website at www.lincolnelectric.com.
CONTACT: Amanda Butler
Director, Investor Relations
Lincoln Electric Holdings, Inc. Logo
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