HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES QUARTERLY DIVIDEND INCREASE
Rhea-AI Summary
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a 4.3% increase in its regular quarterly cash dividend, raising it from $0.115 to $0.12 per share. The dividend applies to both Class A and Class B Common Stock and will be paid on June 13, 2025, to stockholders of record as of May 30, 2025.
Hamilton Beach Brands is a leading designer and distributor of small electric household appliances, commercial products, and connected healthcare devices. The company owns several consumer brands including Hamilton Beach®, Proctor Silex®, and TrueAir®, while also licensing brands like CHI® and Clorox™. In 2024, its healthcare subsidiary acquired HealthBeacon, expanding its presence in the home health and medical markets.
Positive
- 4.3% increase in quarterly dividend from $0.115 to $0.12 per share
- Dividend applies to both Class A and Class B Common Stock
- Recent strategic expansion into healthcare sector through HealthBeacon acquisition
Negative
- None.
News Market Reaction
On the day this news was published, HBB gained 26.12%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The dividend is payable on both the Class A and Class B Common Stock and will be paid June 13, 2025, to stockholders of record at the close of business on May 30, 2025.
About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company is a leading designer, marketer, and distributor of a wide range of brand name small electric household and specialty housewares appliances, and commercial products for restaurants, fast food chains, bars, and hotels, and is a provider of connected devices and software for healthcare management. The Company's owned consumer brands include Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, and TrueAir®. The Company's owned commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®. The Company licenses the brands for CHI® premium garment care products, Clorox™ home appliances, and Brita Hub™ countertop electric water filtration appliances. The Company has exclusive multiyear agreements to design, sell, market, and distribute Bartesian® cocktail makers and Numilk® plant-based milk makers. The Company's Hamilton Beach Health subsidiary is focused on expanding the Company's participation in the home health and medical markets. In 2024, Hamilton Beach Health acquired HealthBeacon, a medical technology firm that specializes in developing connected devices, and strategic partner of the Company since 2021. For more information about Hamilton Beach Brands Holding Company, visit www.hamiltonbeachbrands.com.
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SOURCE Hamilton Beach Brands Holding Company
FAQ
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