NACCO Industries Declares Quarterly Dividend
NACCO Industries, Inc. (NYSE: NC) has declared a regular cash dividend of 19.25 cents per share, payable on both Class A and B Common Stock.
Sentiment and the balance of points
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Rhea-AI Summary
NACCO Industries, Inc. (NYSE: NC) has declared a regular cash dividend of 19.25 cents per share, payable on both Class A and B Common Stock. The dividend will be paid on December 15, 2020, to stockholders of record at the close of business on November 30, 2020.
The company operates in the mining and natural resources sectors, focusing on coal mining, contract mining, and minerals management, demonstrating ongoing confidence in generating income through its diverse business segments.
Positive
- Dividend of 19.25 cents per share reinforces financial stability.
- Ongoing operations in coal and minerals management indicate steady income streams.
Negative
- None.
Details
News Market Reaction – NC
The recorded move for NC in the trading session of this news was +1.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CLEVELAND, Nov. 18, 2020 /PRNewswire/ -- NACCO Industries, Inc.® (NYSE: NC) today announced that the Board of Directors declared a regular cash dividend of 19.25 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 November 30, 2020.
About NACCO Industries, Inc.
NACCO Industries, Inc.® is the public holding company for The North American Coal Corporation®. The Company and its affiliates operate in the mining and natural resources industries through three operating segments: Coal Mining, North American Mining and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium and other minerals. The Minerals Management segment promotes the development of the Company's oil, gas and coal reserves, generating income primarily from royalty-based lease payments from third parties. In addition, the Company has launched a new business providing stream and wetland mitigation solutions. For more information about NACCO Industries, visit the Company's website at www.nacco.com.
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SOURCE NACCO Industries, Inc.
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