Linde plc Buyback
OLI recorded this information on 2/28/2022
Linde plc (NYSE:LIN)(FWB:LIN) today announced that its Board of Directors has declared a quarterly dividend of $1.17 per share, reflecting a 10% increase over the previous quarter's dividend. The dividend is payable on March 25, 2022 to shareholders of record on March 11, 2022. The Board of Directors also approved a new share repurchase program for up to $10 billion of Linde's ordinary shares. This new program replaces the $5 billion share repurchase program that was authorized on January 25, 2021 and was recently completed.
Linde is an industrial gas company. Co.'s primary products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, and rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene). Co. also designs and builds equipment that produces industrial gases and provides customers a range of gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants. Co.'s reportable segments are: Americas, Europe/Middle East/Africa, and Asia/South Pacific; a fourth reportable segment which represents Co.'s Engineering business.
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Strong Buy (3.50 out of 4)