Hyster-Yale Materials Handling Declares Quarterly Dividend
Hyster-Yale Materials Handling, Inc. (NYSE: HY) has declared a cash dividend of 31.75 cents per share, applicable to both Class A and Class B Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Hyster-Yale Materials Handling, Inc. (NYSE: HY) has declared a cash dividend of 31.75 cents per share, applicable to both Class A and Class B Common Stock. The dividend will be paid on September 15, 2020, to stockholders of record by the close of business on September 1, 2020. This reflects the company's commitment to returning value to shareholders amidst ongoing operations in materials handling solutions and aftermarket services.
Positive
- Declared a cash dividend of 31.75 cents per share, reinforcing shareholder returns.
- Demonstrates financial stability and confidence in ongoing operations.
Negative
- None.
Details
News Market Reaction – HY
The recorded move for HY in the trading session of this news was -0.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLEVELAND, Aug. 12, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a regular cash dividend of 31.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid September 15, 2020 to stockholders of record at the close of business on September 1, 2020.
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 Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names. 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.
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