HAMILTON BEACH BRANDS HOLDING COMPANY DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hamilton Beach Brands Holding Company (NYSE: HBB) has declared a regular quarterly cash dividend of $0.115 per share for both Class A and Class B Common Stock. The dividend will be paid on December 13, 2024, to stockholders of record as of December 2, 2024. The company operates as a leading designer, marketer, and distributor of branded small electric household appliances, specialty housewares, and commercial products. Their portfolio includes owned consumer brands like Hamilton Beach®, Proctor Silex®, and commercial brands, along with licensed brands such as Wolf Gourmet® and CHI®.

Positive

• Regular dividend payment maintained at $0.115 per share, indicating financial stability
• Diverse brand portfolio across consumer and commercial segments
• Recent expansion into home health market through HealthBeacon acquisition

Negative

• None.

News Market Reaction

+0.99%

1 alert

+0.99% News Effect

On the day this news was published, HBB gained 0.99%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GLEN ALLEN, Va., Nov. 21, 2024 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) (the Company) 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 December 13, 2024, to stockholders of record at the close of business on December 2, 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 that specializes in developing connected devices. 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 Hamilton Beach Brands' (HBB) dividend amount for Q4 2024?

Hamilton Beach Brands declared a quarterly dividend of $0.115 per share for Q4 2024.

When is Hamilton Beach Brands' (HBB) next dividend payment date?

The dividend will be paid on December 13, 2024, to stockholders of record as of December 2, 2024.

Which share classes are eligible for Hamilton Beach Brands' (HBB) dividend?

Both Class A and Class B Common Stock are eligible for the dividend payment.

What was Hamilton Beach Brands' (HBB) recent acquisition in 2024?

In February 2024, Hamilton Beach Health acquired HealthBeacon, a medical technology firm specializing in connected devices.