Lincoln Electric Raises Quarterly Cash Dividend By 11% From $0.64 Per Share To $0.71 Per Share Payable January 12, 2024
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric has announced an 11% increase in its quarterly cash dividend, raising it from $0.64 per share to $0.71 per share. The dividend will be payable on January 12, 2024.
October 27, 2023 | 11:42 am
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Lincoln Electric's decision to increase its quarterly cash dividend by 11% could be seen as a positive sign of the company's financial health and may attract income-focused investors.
Dividend increases are often seen as a sign of a company's strong financial health. As such, this news could make Lincoln Electric's stock more attractive to investors, particularly those focused on income generation. This could potentially lead to an increase in the stock's price in the short term.
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