HAMILTON BEACH BRANDS HOLDING COMPANY DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a regular cash dividend of $0.115 per share, applicable to both Class A and Class B Common Stock. The dividend will be paid on September 13, 2024, to stockholders of record as of September 3, 2024. HBB is a leading designer, marketer, and distributor of branded small electric household appliances, specialty housewares, and commercial products. The company owns several consumer and commercial brands, including Hamilton Beach®, Proctor Silex®, and Weston®. Additionally, HBB licenses brands such as Wolf Gourmet® and CHI®, and has exclusive agreements for Bartesian® cocktail makers and Numilk® plant-based milk makers. In February 2024, HBB's subsidiary Hamilton Beach Health acquired HealthBeacon, expanding its presence in the home health market.

Positive

• Consistent dividend payment of $0.115 per share, indicating financial stability
• Diverse portfolio of owned and licensed consumer and commercial brands
• Recent acquisition of HealthBeacon, expanding into the home health market

Negative

• None.

GLEN ALLEN, Va., Aug. 21, 2024 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) today announced that the Board of Directors declared a regular cash dividend of $0.115 per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid September 13, 2024, to stockholders of record at the close of business on September 3, 2024.

About Hamilton Beach Brands Holding Company

Hamilton Beach Brands Holding Company is a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. 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 Wolf Gourmet^® countertop appliances, CHI^® premium garment care products, Clorox™ True HEPA air purifiers, 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 market. In February 2024, Hamilton Beach Health acquired HealthBeacon, a medical technology firm and strategic partner of the Company since 2021. HealthBeacon develops connected devices that enable patients to manage at home chronic conditions that require the use of injectable medications, and it provides other health services. For more information about Hamilton Beach Brands Holding Company, visit www.hamiltonbeachbrands.com. 

 

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SOURCE Hamilton Beach Brands Holding Company

FAQ

What is the dividend amount declared by Hamilton Beach Brands Holding Company (HBB) for Q3 2024?

Hamilton Beach Brands Holding Company (HBB) has declared a regular cash dividend of $0.115 per share for both Class A and Class B Common Stock.

When will Hamilton Beach Brands Holding Company (HBB) pay its Q3 2024 dividend?

The dividend will be paid on September 13, 2024, to stockholders of record at the close of business on September 3, 2024.

What brands does Hamilton Beach Brands Holding Company (HBB) own?

HBB owns consumer brands including Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, and TrueAir®. Its commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®.

What recent acquisition did Hamilton Beach Brands Holding Company (HBB) make in the health sector?

In February 2024, Hamilton Beach Health, a subsidiary of HBB, acquired HealthBeacon, a medical technology firm that develops connected devices for managing chronic conditions requiring injectable medications at home.