Published:
Lincoln Electric Board Increases Dividend
CLEVELAND, Dec. 3 /PRNewswire-FirstCall/ -- The Board of Directors of
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today declared a cash dividend
increase of 8% from $0.25 per share quarterly to $0.27 per share quarterly, or
$1.08 on an annualized basis. The record date for the dividend increase will
be December 31, 2008 and it will be payable on January 15, 2009.
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 inCleveland, Ohio, Lincoln has 38
manufacturing locations, including operations, manufacturing alliances and
joint ventures in 20 countries and a worldwide network of distributors and
sales offices covering more than 160 countries. For more information about
Lincoln Electric, its products and services, visit the Company's Web site at
http://www.lincolnelectric.com .
The Company's expectations and beliefs concerning the future contained in
this news release are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements reflect
management's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from such statements due
to a variety of factors that could adversely affect the Company's operating
results. The factors include, but are not limited to: general economic and
market conditions; the effectiveness of operating initiatives; currency
exchange and interest rates; adverse outcome of pending or potential
litigation; possible acquisitions; market risks and price fluctuations related
to the purchase of commodities and energy; global regulatory complexity; and
the possible effects of international terrorism and hostilities on the Company
or its customers, suppliers and the economy in general. For additional
discussion, see "Item 1A. Risk Factors" in the Company's Annual Report on Form
10-K.
SOURCE Lincoln Electric Holdings, Inc.
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