Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.49 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 2.20 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Lincoln Electric Holdings, Inc. recently reported first quarter financial results on April 27, 2020, before market open, manufacturer of welding, cutting, and brazing products reported income for the first quarter of $ 1.00 per share, from the revenue of $ 702.00 million. The quarterly earnings dropped 14.53 percent while revenues dropped 7.53 percent compared with the same quarter last year. According to street consensus, revenue of $ 712.10 million was expected for the first quarter The top line results fell short of analysts by $ 10.1 million or 1.42 percent.
Stock Performance
Shares of Lincoln Electric Holdings, Inc. traded up $ 0.18 or 0.20 percent on Friday, reaching $ 88.93 with volume of 185.00 thousand shares. Lincoln Electric Holdings, Inc. has traded high as $ 89.44 and has cracked $ 87.81 on the downward trend
According to the previous trading day, closing price of $ 88.93, representing a 49.66 % increase from the 52 week low of $ 59.30 and a 10.35 % decrease over the 52 week high of $ 99.00.
The company has a market capital of $ 5.28 billion and is part of the Industrials sector and Tools & Accessories industry.
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
