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CLEVELAND, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq:LECO) announced today that its Board of Directors has approved a 15% increase in the quarterly cash dividend, from $0.20 per share to $0.23 per share, or to $0.92 per share on an annualized basis. The declared quarterly cash dividend of $0.23 per common share is payable January 15, 2014 to shareholders of record as of December 31, 2013.
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 in Cleveland, Ohio, Lincoln has 45 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 and its products and services, visit the Company's website at