Linde PLC (NASDAQ:LIN – Get Free Report) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Wednesday, March 11th will be given a dividend of 1.60 per share by the basic materials company on Thursday, March 26th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a 6.7% increase from Linde’s previous quarterly dividend of $1.50.
Linde has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Linde has a dividend payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Linde to earn $18.02 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 33.3%.
Linde Stock Up 0.8%
Shares of NASDAQ:LIN opened at $508.27 on Thursday. The stock’s 50-day moving average price is $451.10 and its two-hundred day moving average price is $449.02. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. Linde has a 12-month low of $387.78 and a 12-month high of $509.62. The firm has a market cap of $237.34 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 3.31 and a beta of 0.84.
Insider Transactions at Linde
In other Linde news, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. The trade was a 29.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On Linde
A number of institutional investors have recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new position in Linde during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC bought a new position in shares of Linde during the 3rd quarter valued at about $27,000. Triumph Capital Management increased its holdings in shares of Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares in the last quarter. YANKCOM Partnership lifted its holdings in shares of Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde in the third quarter worth about $29,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
About Linde
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
See Also
- Five stocks we like better than Linde
- REVEALED: Something Big Happening Behind White House Doors
- MAJOR BUY ALERT: Mar-a-Lago/Trump/Elon
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- Why the Smart Money Is Looking Beyond Single-Metal Stories
- Read this or regret it forever
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
