Lincoln Electric Holdings, Inc.
LECO30 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.19%
Annual Dividend
$3.16
Payout Ratio
31%
5-Yr Growth
9.0%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Lincoln Electric Holdings, Inc. (LECO) yields 1.19% ($3.16 per share annually), with a blended fair-value estimate of $192.33 — -25% downside, so it screens as overvalued. Dividend safety grade: A (95/100). 30 years of dividend growth.
Is LECO a good dividend stock?
YesLincoln Electric Holdings, Inc. (LECO) pays a quarterly dividend yielding 1.19% ($3.16/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 30 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 9.0% 5-yr dividend growth
- 81% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.19%
- Payout Ratio
- 31%
- Annual Dividend
- $3.16
- 5-Yr Avg Growth
- 9.0%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 30
- Frequency
- quarterly
- Beta
- 1.22
- Market Cap
- $14.5B
- P/E Ratio
- 26.6
- 5-Yr Total Return
- 81%
- 52-Week Range
- $216.22 – $310.00
- Dividend Safety
- A · 95/100
- Ever Cut?
- No
Frequently Asked Questions
LECO Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+47%
5 Years
+81%
52-Week Range
$216.22 – $310.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LECO worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Lincoln Electric Holdings, Inc. is $192.33 per share, versus a market price of $257.20. That implies 25% of downside.
Fair Value
$192.33
Current Price
$257.20
Downside
-25%
Margin of Safety
-34%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 10.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.4% discount rate (CAPM), 10.0% stage-1 growth, 2.5% terminal growth, $10.01 EPS, $3.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LECO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full LECO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.7900 | regular |
| Mar 31, 2026 | — | $0.7900 | regular |
| Dec 31, 2025 | — | $0.7900 | regular |
| Sep 30, 2025 | — | $0.7500 | regular |
| Jun 30, 2025 | — | $0.7500 | regular |
| Mar 31, 2025 | — | $0.7500 | regular |
| Dec 31, 2024 | — | $0.7500 | regular |
| Sep 30, 2024 | — | $0.7100 | regular |
| Jun 28, 2024 | — | $0.7100 | regular |
| Mar 27, 2024 | — | $0.7100 | regular |
| Dec 28, 2023 | — | $0.7100 | regular |
| Sep 28, 2023 | — | $0.6400 | regular |
| Jun 29, 2023 | — | $0.6400 | regular |
| Mar 30, 2023 | — | $0.6400 | regular |
Income Calculator
At $3.16 / yr per share
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