Linde PLC (LIN) to Issue Quarterly Dividend of $0.96 on September 18th

Linde PLC (NYSE:LIN) announced a quarterly dividend on Monday, July 27th, Zacks reports. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.963 per share by the basic materials company on Friday, September 18th. This represents a $3.85 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, September 2nd.

Linde has a dividend payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Linde to earn $8.47 per share next year, which means the company should continue to be able to cover its $3.85 annual dividend with an expected future payout ratio of 45.5%.

Shares of LIN stock traded up $1.09 during mid-day trading on Wednesday, reaching $244.79. The stock had a trading volume of 35,335 shares, compared to its average volume of 1,959,553. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.21. The firm has a market cap of $128.68 billion, a PE ratio of 56.37, a P/E/G ratio of 3.04 and a beta of 0.72. Linde has a one year low of $146.71 and a one year high of $248.88. The firm’s 50 day simple moving average is $221.25 and its 200 day simple moving average is $200.37.

Linde (NYSE:LIN) last posted its earnings results on Thursday, May 7th. The basic materials company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.06. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.74 billion. Linde had a return on equity of 8.06% and a net margin of 8.35%. Sell-side analysts forecast that Linde will post 7.38 earnings per share for the current fiscal year.

LIN has been the subject of several analyst reports. Citigroup raised their target price on Linde from $209.00 to $216.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Morgan Stanley raised their price target on Linde from $205.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a report on Wednesday, May 13th. Cfra dropped their price target on Linde from $245.00 to $209.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, BMO Capital Markets raised their price target on Linde from $217.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $218.59.

Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Dividend History for Linde (NYSE:LIN)

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