LECO (Lincoln Electric Holdings) Dividend Payout Ratio: 0.32 (As of Mar. 2026) — Near Median


LECO Lincoln Electric Holdings Inc LECO
97 GF Score
Price $266.47
GF Value $236.95
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Lincoln Electric Holdings Dividend Payout Ratio?

Lincoln Electric Holdings LECO -2.62% 97 Dividend Payout Ratio is 0.32 as of Mar. 2026, which is 6% below its 10-year median of 0.34. GuruFocus rates LECO with a GF Score™ of 97/100 and a GF Value™ of $236.95 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,723 Industrial Products companies, Lincoln Electric Holdings ranks better than 62.51% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Lincoln Electric Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.32.

The historical rank and industry rank for Lincoln Electric Holdings's Dividend Payout Ratio or its related term are showing as below:

LECO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.34   Max: 0.48
Current: 0.3

During the past 13 years, the highest Dividend Payout Ratio of Lincoln Electric Holdings was 0.48. The lowest was 0.28. And the median was 0.34.

LECO's Dividend Payout Ratio is ranked better than
62.51% of 1723 companies
in the Industrial Products industry
Industry Median: 0.37 vs LECO: 0.30

As of today (2026-06-27), the Dividend Yield % of Lincoln Electric Holdings is 1.16%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Lincoln Electric Holdings was 2.93%. The lowest was 1.02%. And the median was 1.56%.

Lincoln Electric Holdings's Dividends per Share for the months ended in Mar. 2026 was $0.79.

During the past 12 months, Lincoln Electric Holdings's average Dividends Per Share Growth Rate was 5.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lincoln Electric Holdings was 45.60% per year. The lowest was 3.90% per year. And the median was 11.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Lincoln Electric Holdings (NAS:LECO) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Lincoln Electric Holdings Dividend Payout Ratio Related Terms

Lincoln Electric Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Lincoln Electric Holdings's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lincoln Electric Holdings Dividend Payout Ratio Chart

Lincoln Electric Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.28 0.28 0.31 0.31

Lincoln Electric Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.29 0.30 0.30 0.32

LECO vs SWK, RBC, SNA: Dividend Payout Ratio Comparison

For the Tools & Accessories subindustry, Lincoln Electric Holdings's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lincoln Electric Holdings Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lincoln Electric Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Lincoln Electric Holdings's Dividend Payout Ratio falls into.


LECO
97GF Score
Lincoln Electric Holdings Inc LECO
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lincoln Electric Holdings Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Lincoln Electric Holdings's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=3.04/ 9.87
=0.31

Lincoln Electric Holdings's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.79/ 2.5
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.32 mean?
Lincoln Electric Holdings (LECO) has a Dividend Payout Ratio of 0.32 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lincoln Electric Holdings and its competitors. This is near median its historical median of 0.34. Over the past decade, Lincoln Electric Holdings' Dividend Payout Ratio has ranged from 0.28 to 0.48. According to the industry distribution chart, Lincoln Electric Holdings ranks #646 out of 1723 companies in the Industrial Products industry, placing it in the top 37.5%.
Is Lincoln Electric Holdings' Dividend Payout Ratio too high?
Lincoln Electric Holdings' current Dividend Payout Ratio of 0.32 is near median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.48. The Industrial Products industry median Dividend Payout Ratio is 0.37. Lincoln Electric Holdings' value of 0.32 is 13.5% below this industry median. Based on the distribution chart, Lincoln Electric Holdings ranks #646 out of 1723 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Lincoln Electric Holdings has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Electric Holdings' Dividend Payout Ratio compare to SWK and RBC?
According to the Industrial Products industry distribution chart, Lincoln Electric Holdings ranks #646 out of 1723 companies for Dividend Payout Ratio. This puts Lincoln Electric Holdings in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Lincoln Electric Holdings' value of 0.32 is 13.5% below this benchmark. Historically, Lincoln Electric Holdings' own Dividend Payout Ratio has ranged from 0.28 to 0.48 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.37, Lincoln Electric Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.37, based on 1,723 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Electric Holdings's current Dividend Payout Ratio of 0.32 is 13.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lincoln Electric Holdings and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Electric Holdings's current Dividend Payout Ratio is 0.32, which is near median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Electric Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Electric Holdings (LECO) is currently considered Modestly Overvalued. The stock's GF Value™ is $236.95, compared to a current price of $266.47 — trading 12.5% above its estimated fair value. The current Dividend Payout Ratio is 0.32, which is near median its 10-year median of 0.34 and 13.5% below the Industrial Products industry median of 0.37. Lincoln Electric Holdings' overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Lincoln Electric Holdings (LECO), the current Dividend Payout Ratio is 0.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lincoln Electric Holdings (LECO) Overvalued in 2026?

Based on GuruFocus' analysis, Lincoln Electric Holdings stock appears to be overvalued. The current stock price of $266.47 is trading 12.5% above its estimated GF Value™ of $236.95. GuruFocus considers Lincoln Electric Holdings to be Modestly Overvalued.

Key valuation signals for LECO:

  • Dividend Payout Ratio: 0.32 (near median its 10-year median of 0.34)
  • GF Value™: $236.95 vs. price of $266.47 (12.5% above fair value)
  • GF Score™: 97/100 with 2 warning signs
  • Industry Position: 13.5% below the Industrial Products median (#646 of 1723)

No single metric tells the full story. See the LECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lincoln Electric Holdings Business Description

Other Exchanges LNE:Germany
Address 22801 Saint Clair Avenue, Cleveland, OH, USA, 44117
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and automation solutions. Lincoln Electric serves clients across general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries, among others. The company generated roughly $4.2 billion in sales in 2025.
97GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$266.47
Price
$236.95
GF Value