Linde PLC (LIN), formerly Praxair Inc. (PX), will raise its quarterly dividend by another 10.1 percent to $1.06 per share in 2021, matching last year's dividend hike of 10.1 percent to $0.963 per share in the first quarter of 2020. The Dividend Aristocrat has now boosted its dividend 28 straight years.

The next dividend is payable on June 17, 2021 to shareholders of record on June 3, 2021. The new dividend yield for Linde is 1.5% at a stock price of $290 and today marks the 28th consecutive year of dividend increases if we continue the Praxair dividend history. Linde will now pay an estimated $2.22 billion annually in dividends to its shareholders.

Linde plc, formerly Praxair, Inc., is an industrial gases and engineering company. The company serves a variety of end markets including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. In 2018 Germany's Linde merged with Praxair, forming the new Linde plc.