Linde PLC (NASDAQ:LIN) Announces $1.60 Quarterly Dividend

Linde PLC (NASDAQ:LIN) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 1.60 per share by the basic materials company on Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 3rd.

Linde has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Linde has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Linde to earn $19.63 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 32.6%.

Linde Stock Down 0.3%

LIN traded down $1.28 during trading hours on Wednesday, hitting $509.90. 185,042 shares of the company’s stock were exchanged, compared to its average volume of 2,393,486. The stock has a market cap of $235.75 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.20 and a beta of 0.72. Linde has a 1-year low of $387.78 and a 1-year high of $548.20. The stock’s 50-day moving average is $516.08 and its two-hundred day moving average is $495.40. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the business earned $3.95 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts predict that Linde will post 17.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research report on Friday, July 17th. Seaport Research Partners increased their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Citigroup started coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Sanford C. Bernstein set a $559.00 price objective on Linde in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $548.67.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.