Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Looks Interesting, And It's About To Pay A Dividend

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is about to trade ex-dividend in the next three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Lincoln Electric Holdings' shares before the 27th of March to receive the dividend, which will be paid on the 15th of April.

The company's upcoming dividend is US$0.71 a share, following on from the last 12 months, when the company distributed a total of US$2.84 per share to shareholders. Calculating the last year's worth of payments shows that Lincoln Electric Holdings has a trailing yield of 1.1% on the current share price of US$258.04. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Lincoln Electric Holdings has been able to grow its dividends, or if the dividend might be cut.

See our latest analysis for Lincoln Electric Holdings