Lincoln Electric Stock To Go Ex-dividend Tomorrow (LECO)
The ex-dividend date for Lincoln Electric Holdings (Nasdaq:LECO) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.95 as of 9:30 a.m., the dividend yield is 1.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Lincoln Electric Holdings (Nasdaq: LECO) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.95 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Lincoln Electric has been 374,600 shares per day over the past 30 days. Lincoln Electric has a market cap of $3.58 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.3% year to date as of the close of trading on Monday. Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company has a P/E ratio of 15.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Lincoln Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lincoln Electric Ratings Report. See our dividend calendar or top-yielding stocks list.