HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND
Rhea-AI Summary
Hyster-Yale Materials Handling (NYSE: HY) has declared a regular cash dividend of 32.25 cents per share, payable on June 15, 2022, to stockholders of record by the close of business on June 1, 2022. This announcement reflects the company's ongoing commitment to returning value to shareholders. Hyster-Yale operates in the materials handling sector, providing a wide range of lift trucks and aftermarket parts globally under the Hyster® and Yale® brands.
Positive
- Regular cash dividend declared of 32.25 cents per share.
- Dividend payment date set for June 15, 2022, indicating financial stability.
Negative
- None.
News Market Reaction – HY
In the trading session that priced this news, HY declined 2.64%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLEVELAND, May 10, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that the Board of Directors declared a regular cash dividend of 32.25 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2022 to stockholders of record at the close of business on June 1, 2022.
About Hyster-Yale Materials Handling, Inc.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers' applications. The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names, and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.
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SOURCE Hyster-Yale Materials Handling, Inc.