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Linde declares $1.39 quarterly dividend per share

EditorBrando Bricchi
Published 2024-04-29, 01:46 p/m

WOKING, UK - Linde plc (NASDAQ:NYSE:LIN), a global leader in industrial gases and engineering, has declared a quarterly dividend of $1.39 per share, payable on June 18, 2024, to shareholders of record as of June 4, 2024. This announcement was made as part of a press release statement issued today.

The company, which reported sales of $33 billion in 2023, is recognized for its role in providing high-quality solutions and technologies across various sectors, including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals, and mining. Linde's product offerings are significant in the production of clean hydrogen and carbon capture systems, both vital to the ongoing energy transition. Additionally, their technologies are crucial in the production of medical oxygen and specialty gases for the electronics industry.

Linde's commitment to supporting customer growth, enhancing efficiency, and reducing emissions is evident through their advanced gas processing solutions. The dividend declaration reflects the company's continued financial performance and its strategic position within the industrial gases market.

Investors and stakeholders can access further details about Linde's financial strategies and market presence on the company's official website. The information provided in this article is based on a press release statement from Linde plc.

InvestingPro Insights

Linde plc (NASDAQ:LIN) continues to demonstrate financial resilience and shareholder value through its strategic market activities. The company's commitment to returning value to shareholders is underscored by its impressive track record of raising its dividend for 33 consecutive years, as noted in one of the InvestingPro Tips. This consistent increase in dividends is a testament to Linde's robust financial health and reliable cash flows.

From a valuation perspective, Linde's P/E ratio as of the last twelve months ending Q4 2023 stands at 34.31, indicating a premium valuation in the market. However, the PEG ratio of 0.55 suggests that the company's earnings growth is expected to be strong, which could justify the higher P/E ratio. Additionally, with a Price / Book value of 5.38, the company might be considered as trading at a high earnings multiple, which is also highlighted in an InvestingPro Tip.

The company's financial strength is further supported by a solid gross profit margin of 46.76%, reflecting its ability to maintain profitability despite market fluctuations. With an operating income margin of 25.2%, Linde is efficiently translating its revenues into profits, a key indicator of operational excellence.

Investors looking for in-depth analysis and additional insights on Linde can explore further InvestingPro Tips, where there are 15 more tips available. For those interested in a deeper dive into Linde's investment potential, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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