Continue to site >
Trending ETFs


Linde Hikes Dividend by 10% After Strong Q4

Linde Plc (LIN) is a leading global industrial gas and engineering company with 2020 revenue of $27 billion. The company services a variety of end markets, from specialty gases for electronics manufacturing to life-saving oxygen for hospitals.

The company generated 39% of its revenue from the Americas, 24% of its revenue from the EMEA region, 22% of its revenue from the APAC region and 10% of its revenue from Engineering services during the fourth quarter of 2020. These revenues came from packaged gas (36%), merchant (26%), on-site (22%) and other (16%) distribution sources.

Strong Q4 Earnings

Linde reported fourth-quarter revenue that rose by 2.8% to $7.3 billion, beating consensus estimates by $270 million, and non-GAAP earnings of $2.30 per share, beating consensus estimates by 15 cents per share. With strong operating cash flow that rose by 12% to $2.4 billion, the company returned $926 million to shareholders through dividends and repurchases.

While the near-term economic outlook remains uncertain, the company’s management team is confident in its ability to grow earnings at a double-digit pace through growth opportunities in secular markets like healthcare, electronics and clean energy.

The company raised its quarterly dividend by 10% to $1.06 per share, which represents a 1.7% forward yield. The dividend is payable on March 22, 2021 to shareholders on record as of March 5, 2021.

Want to keep track of all dividend increases? Subscribe to and have complete access to our exclusive dividend increases list here.