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ESAB Corporation Board Declares Increased Dividend

May 09, 2024 at 16:30 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.08 per share of the Company’s common stock. The dividend represents a 33% increase in the Company’s quarterly cash dividend, from $0.06 per share to $0.08 per share, or to $0.32 per share on an annualized basis. The dividend is payable on July 12, 2024 to stockholders of record as of June 28, 2024.

“We are proud to announce a double-digit increase in our dividend for our second straight year as a public company,” stated Shyam P. Kambeyanda, President and CEO of ESAB Corporation. “The dividend reflects our ability to successfully execute our strategic goals, generate strong cash flow quarter-over-quarter and deliver value to our stockholders.”

About ESAB Corporation

Founded in 1904, ESAB Corporation (NYSE: ESAB) is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and business system ESAB Business Excellence, enables the Company’s purpose of Shaping the World We Imagine^TM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com.