NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND AND ANNOUNCES STOCK REPURCHASE PROGRAM

Rhea-AI Summary

NACCO Industries (NYSE: NC) declared a regular quarterly cash dividend of $0.2525 per share payable December 15, 2025 to holders of record at the close of business on December 1, 2025.

The company also approved a new $20.0 million stock repurchase program for Class A common stock that runs through December 31, 2027 and replaces the prior program. The prior program produced over $12.0 million of repurchases. Management said repurchases will be made opportunistically and may be suspended, modified or executed under Rule 10b5-1 plans.

Positive

• $0.2525 quarterly cash dividend declared
• Authorized $20.0 million stock repurchase program through 12/31/2027
• Completed > $12.0 million of repurchases under prior program

Negative

• Repurchase program does not require acquisition of any specific number of shares
• Repurchases may be modified, suspended or terminated at any time without notice
• Timing and amount of repurchases subject to capital availability and other allocation choices

Insights

Capital Allocation Strategist

Dividend maintained and a new $20 million repurchase program signals shareholder returns with conservative capital posture.

NACCO declared a regular quarterly cash dividend of 25.25 cents per share payable December 15, 2025 to holders of record on December 1, 2025, and approved a stock repurchase authorization of up to $20 million through December 31, 2027.

The business mechanism is direct capital return: the dividend preserves steady income to holders, while the repurchase program retires Class A shares opportunistically, subject to available capital and market conditions. Management highlights prior execution of over $12 million of repurchases under the prior program, showing follow-through rather than merely announcing intent.

Dependencies and risks include management discretion on timing and amount of repurchases, potential suspension or modification of the program, and competing capital needs; the announcement itself includes no guaranteed share count or mandatory purchases. The forward-looking statement language makes clear outcomes depend on unspecified risk factors and capital availability.

Concrete items to watch in the near term are actual repurchase activity (rate and timing) and whether the company signals changes to dividend policy; monitor repurchase execution through December 31, 2027 and any proxy or 10-Q/10-K disclosures that quantify shares retired or cash deployed.

CLEVELAND, Nov. 18, 2025 /PRNewswire/ -- NACCO Industries^® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of 25.25 cents per share and announced a new stock repurchase program.

The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 15, 2025 to stockholders of record at the close of business on December 1, 2025.

NACCO's Board of Directors approved a stock repurchase program under which NACCO may repurchase up to $20 million of the Company's outstanding Class A Common Stock through December 31, 2027. This program replaces the Company's previous repurchase program, which would have expired on December 31, 2025.

"We completed over $12 million of share repurchases under our previous program and we are pleased to announce the authorization of a new program," said J.C. Butler, President and Chief Executive Officer. "We will continue to purchase shares opportunistically as we balance repurchases with other capital needs and our desire to maintain a conservative balance sheet. We believe that maintaining a stock repurchase program is in the best interest of shareholders and it reflects confidence in our long-term business prospects."

The timing and amount of any repurchases under the new repurchase program will be determined at the discretion of the Company's management based on a number of factors, including the availability of capital, other capital allocation alternatives and market conditions for the Company's Class A Common Stock. The share repurchase program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and may be executed through open-market purchases, privately negotiated transactions or otherwise. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so.

Forward-looking Statements Disclaimer

The statements contained in the news release that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth under the heading "Risk Factors" in NACCO's most recent 10-K filed with the Securities and Exchange Commission.

About NACCO Industries

NACCO Industries^® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at nacco.com or get investor information at ir.nacco.com.

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SOURCE NACCO Industries

FAQ

What dividend did NACCO Industries (NC) declare on November 18, 2025?

NACCO declared a regular quarterly cash dividend of $0.2525 per share payable December 15, 2025 to shareholders of record on December 1, 2025.

How large is NACCO Industries' (NC) new stock repurchase authorization?

The Board authorized repurchases of up to $20.0 million of Class A common stock through December 31, 2027.

When is the NACCO (NC) dividend payment date and record date for December 2025?

The dividend is payable on December 15, 2025 to holders of record at the close of business on December 1, 2025.

How were NACCO's (NC) prior repurchases before the new program?

Under the previous program NACCO completed over $12.0 million of share repurchases.

Will NACCO (NC) have to repurchase a fixed number of shares under the new program?

No; the program does not require the company to acquire any specific number of shares and can be adjusted at management's discretion.

How might NACCO (NC) execute repurchases under the new program?

Repurchases may be made via open-market purchases, privately negotiated transactions, or under Rule 10b5-1 trading plans.