Hyster-Yale Materials Handling Declares Quarterly Dividend

Rhea-AI Summary

Hyster-Yale Materials Handling (NYSE: HY) declared a cash dividend of 31.75 cents per share, payable on December 15, 2020. This dividend applies to both Class A and Class B Common Stock, with record stockholders noted on December 1, 2020. The announcement underscores Hyster-Yale's ongoing commitment to returning value to shareholders amidst its operational activities focused on materials handling solutions.

Positive

• Dividend payment of 31.75 cents per share reflects company's commitment to returning value to shareholders.
• Scheduled dividend payment may enhance investor confidence.

Negative

• None.

News Market Reaction – HY

+0.84%

+0.84% Session move

In the trading session that priced this news, HY gained 0.84%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CLEVELAND, Nov. 10, 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 December 15, 2020 to stockholders of record at the close of business on December 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.

FAQ

What is the dividend amount declared by Hyster-Yale Materials Handling?

The declared dividend amount is 31.75 cents per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 15, 2020.

What is the record date for Hyster-Yale's dividend payment?

The record date for the dividend payment is December 1, 2020.

Is the dividend applicable to both Class A and Class B Common Stock?

Yes, the dividend is payable on both Class A and Class B Common Stock.