Lincoln Electric Boosts Quarterly Cash Dividend By 11% From $0.64 To $0.71 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric has announced an 11% increase in its quarterly cash dividend from $0.64 to $0.71 per share. The dividend will be payable on January 12, 2024, to shareholders of record at the close of business on December 31, 2023.
October 17, 2023 | 8:36 pm
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Lincoln Electric's decision to increase its quarterly cash dividend by 11% could be seen as a positive signal by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's strong financial health and future prospects. This could increase investor confidence in Lincoln Electric, potentially leading to increased demand for the stock and a short-term increase in the stock price.
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IMPORTANCE 70
RELEVANCE 100