Hyster-Yale Materials Handling Declares Quarterly Dividend
Hyster-Yale Materials Handling (NYSE: HY) declared a cash dividend of 31.75 cents per share, payable on December 15, 2020.
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 (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.
Details
News Market Reaction – HY
The recorded move for HY in the trading session of this news was +0.84%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
*****
View original content to download multimedia:http://www.prnewswire.com/news-releases/hyster-yale-materials-handling-declares-quarterly-dividend-301170271.html
SOURCE Hyster-Yale Materials Handling, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.