Lincoln Electric Board Declares 10.7% Dividend Increase

Dec 02, 2010, 13:47 ET from Lincoln Electric Holdings, Inc.

CLEVELAND, Dec. 2, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today raised the Company's quarterly dividend $0.03 per share, a 10.7% increase, from $0.28 per share to $0.31 per share, or $1.24 per share on an annual basis. The dividend is payable January 14, 2011, to holders of record as of December 31, 2010.

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 position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln Electric has 38 manufacturing locations, including operations and joint ventures in 19 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 website at

SOURCE Lincoln Electric Holdings, Inc.