ESAB Co. (NYSE:ESAB – Get Rating) declared a quarterly dividend on Thursday, May 12th, Zacks reports. Shareholders of record on Friday, July 1st will be given a dividend of 0.05 per share on Monday, July 18th. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date is Thursday, June 30th.
ESAB stock opened at $50.25 on Friday. ESAB has a 52 week low of $42.96 and a 52 week high of $58.08.
Separately, Loop Capital began coverage on ESAB in a report on Friday. They set a “hold” rating and a $52.00 price objective on the stock.
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips.
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