Lincoln Electric (LECO) Declares $0.32 Quarterly Dividend and Approves 10M Share Buyback

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Go back to Lincoln Electric (LECO) Declares $0.32 Quarterly Dividend and Approves 10M Share Buyback

Lincoln Electric Announces New Share Repurchase Program and Declares Quarterly Dividend

April 20, 2016 4:16 PM EDT

CLEVELAND, April 20, 2016 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the "Company") (Nasdaq: LECO) today announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase, in the aggregate, up to 10 million of its outstanding common stock.

The new program, in addition to the 2.8 million shares remaining from the prior program, represents approximately 18% of the diluted weighted average shares outstanding as of March 31, 2016.  Under the authorization program, Lincoln Electric may repurchase shares on the open market or through privately negotiated transactions from time to... More