Lincoln Electric Holdings, Inc. (LECO) will raise its quarterly dividend by 4.1 percent to 51 cents per share in 2021. This follows a dividend hike of 4.3 percent to $0.51 per share in 2019. This will mark the 25th consecutive year of annual dividend increases by the welding products maker.

The next dividend is payable January 15, 2021 to shareholders of record at the close of business on December 30, 2020. The new annual dividend rate is $2.04 per share.

Lincoln Electric Holdings, Inc. is a manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. The three operating segments consist of Americas Welding, International Welding and The Harris Products Group. The Lincoln Electric Company began operations in 1895 and was incorporated under the laws of the State of Ohio in 1906. During 1998, The Lincoln Electric Company reorganized into a holding company structure, and Lincoln Electric Holdings, Inc. became the publicly-held parent of Lincoln Electric subsidiaries worldwide, including The Lincoln Electric Company.