HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hyster-Yale Materials Handling, Inc. (HY) declares a regular cash dividend of 32.5 cents per share for both Class A and Class B Common Stock, payable on March 15, 2024, to stockholders of record on March 1, 2024.

Financial Analyst

The declaration of a regular cash dividend of 32.5 cents per share by Hyster-Yale Materials Handling, Inc. represents a tangible return on investment for shareholders. This action signifies the company's confidence in its cash flow stability and financial health. It is crucial to assess the dividend yield, which is calculated by dividing the annual dividends per share by the stock price. If the yield is higher than the average for the industry or the S&P 500, it could attract income-focused investors. However, investors should also consider the payout ratio, which is the portion of earnings paid out as dividends. A sustainable payout ratio typically ranges from 35% to 55%. Ratios significantly higher could indicate that the company is not reinvesting enough in its own growth.

Market Research Analyst

From a market perspective, Hyster-Yale's dividend payment can be seen as a signal to the market regarding the company's performance and future expectations. Dividend announcements often reflect a company's operational strength and can influence investor sentiment. Consistent dividend payments may suggest a stable and mature company, potentially making it a more attractive investment for risk-averse individuals. However, it's important to analyze the dividend in the context of the company's earnings, industry performance and economic conditions. A comparison with competitors' dividend policies may also offer insight into Hyster-Yale's market positioning and strategic priorities.

CLEVELAND, Feb. 13, 2024 /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 March 15, 2024 to stockholders of record at the close of business on March 1, 2024. 

About Hyster-Yale Materials Handling, Inc.

Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a globally integrated company offering a full line of high-quality, application-tailored lift trucks and solutions aimed at meeting the specific materials handling needs of its customers. Hyster-Yale's vision is to transform the way the world moves material from Port to Home and deliver on its customer promises of: (1) thoroughly understanding customer applications and offering optimal solutions that will improve productivity at the lowest cost of ownership, and (2) providing exceptional customer care to create increasing value from initial engagement through the product lifecycle. 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 dividend amount did Hyster-Yale Materials Handling, Inc. (HY) declare per share?

Hyster-Yale Materials Handling, Inc. (HY) declared a regular cash dividend of 32.5 cents per share.

When will the dividend be paid to stockholders of Hyster-Yale Materials Handling, Inc. (HY)?

The dividend will be paid on March 15, 2024, to stockholders of record on March 1, 2024.

What is the ticker symbol for Hyster-Yale Materials Handling, Inc.?

The ticker symbol for Hyster-Yale Materials Handling, Inc. is HY.