HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hyster-Yale Materials Handling, Inc. (HY) increased its quarterly cash dividend from 32.5 cents to 35 cents per share. The dividend will be payable on June 14, 2024, to stockholders of record on May 31, 2024. HY is a globally integrated company offering lift trucks, attachments, and hydrogen fuel cell power products.

Positive

• Increased quarterly cash dividend from 32.5 cents to 35 cents per share
• Focus on meeting specific materials handling needs of customers
• Vision to transform the way materials are moved globally
• Commitment to improving productivity at the lowest cost of ownership
• Exceptional customer care and value creation through the product lifecycle

Negative

• None.

News Market Reaction – HY

+23.55%

1 alert

+23.55% News Effect

On the day this news was published, HY gained 23.55%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLEVELAND, May 8, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 32.5 cents to 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 14, 2024, to stockholders of record at the close of business on May 31, 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 lift trucks and solutions, including attachments and hydrogen fuel cell power products aimed at meeting the specific materials handling needs of its customers. Hyster-Yale's vision is to transform the way the world moves materials 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.

FAQ

What is the new quarterly dividend declared by Hyster-Yale Materials Handling, Inc. (HY)?

Hyster-Yale Materials Handling, Inc. increased its regular cash dividend from 32.5 cents to 35 cents per share.

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

The dividend will be paid on June 14, 2024, to stockholders of record on May 31, 2024.

What products does Hyster-Yale Materials Handling, Inc. (HY) offer?

HY offers a full line of lift trucks, attachments, and hydrogen fuel cell power products meeting specific materials handling needs of customers.

Where is Hyster-Yale Materials Handling, Inc. (HY) headquartered?

HY is headquartered in Cleveland, Ohio.

What is the vision of Hyster-Yale Materials Handling, Inc. (HY)?

HY aims to transform the way materials are moved globally and deliver value to customers through optimal solutions and exceptional customer care.