DividendRank included LECO in Dividend Channel SAFE 25
Lincoln Electric’s (LECO) dividends matter a lot, as they have been consistently increasing since 2010. In a volatile environment where companies are struggling to grow their revenue, LECO has increased its 2015 dividend per share by 21% over 2014. With a dividend of $1.19 per share for 2015, LECO has achieved dividend CAGR (compound annual growth rate) of 16% since 2010.
According to the DividendRank report, Lincoln Electric (LECO) is included in the SAFE 25 list, which signifies a stock with above-rank dividend rank statistics. LECO is a member of the iShares S&P 1500 Index ETF (ITOT) and also a part of the SPDR S&P Dividend ETF (SDY).
LECO pays dividends, which have been consistently increasing. Plus, the company has been rewarding its shareholders through stock repurchases.
Lincoln Electric’s stock repurchases
Stock repurchases enhance the earnings per share by reducing the number of outstanding shares. For fiscal 2015, Lincoln Electric (LECO) successfully gave back $486 million to its shareholders. It returned profits to shareholders through dividends—up by 19% to $87 million—and share repurchases, which were up by 30% to $399 million.
LECO operates in the industrial machinery and equipment welding industry. Its peers include Danaher (DHR), Illinois Tool Works (ITW), and Stanley Black & Decker (SWK). LECO is also a part of the SPDR S&P 500 Trust ETF (SPY).