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 ImagineTM. 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.
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