Lincoln Electric Board Declares 2-for-1 Stock Split

The Lincoln Electric Holdings, Inc. LECO Board of Directors today declared a two-for-one stock split in the form of a stock dividend and authorized a quarterly cash dividend of $0.31 per share, on a pre-split basis, or $0.155 per share, on a post-split basis. The two-for-one stock split of Lincoln Electric's common stock will be in the form of a 100% stock dividend and will be distributed May 31, 2011, to shareholders of record on May 16, 2011. Each holder on the record date will receive one additional share for each share of the Company's common stock held. Lincoln Electric shares will begin trading on a split-adjusted basis on June 1, 2011. The quarterly cash dividend of $0.31 per share, on a pre-split basis, or $0.155 per share, on a post-split basis, is payable on July 15, 2011, to shareholders of record on June 30, 2011.