HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hyster-Yale Materials Handling, Inc. (NYSE: HY) Declares Regular Cash Dividend of 32.5 Cents Per Share

Positive

• The announcement of a regular cash dividend indicates the company's commitment to rewarding shareholders.
• The dividend is payable on both the Class A and Class B Common Stock, providing equal benefits to stockholders.
• The declared dividend of 32.5 cents per share demonstrates the company's financial stability and ability to generate consistent returns for investors.

Negative

• None.

CLEVELAND, Nov. 14, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that the Board of Directors declared a regular cash dividend of 32.5 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid December 15, 2023, to stockholders of record at the close of business on December 1, 2023. 

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, attachments 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 Group also has an unconsolidated joint venture in Japan (Sumitomo NACCO). 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.

What is the dividend amount declared by Hyster-Yale Materials Handling, Inc. (NYSE: HY)?

The company declared a regular cash dividend of 32.5 cents per share.

When will the dividend be paid to stockholders?

The dividend will be paid on December 15, 2023, to stockholders of record at the close of business on December 1, 2023.

What type of stock is eligible for the dividend payment?

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