NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND

NACCO Industries (NYSE: NC) has announced an increase in its quarterly cash dividend from 19.75 cents to 20.75 cents per share.

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Rhea-AI Sentiment

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Rhea-AI Summary

NACCO Industries (NYSE: NC) has announced an increase in its quarterly cash dividend from 19.75 cents to 20.75 cents per share. This dividend will be applicable to both Class A and Class B Common Stock. Stockholders of record by May 31, 2022, will receive the payment on June 15, 2022. The revised dividend represents an annual rate of $0.83 per share, reflecting NACCO's commitment to returning value to shareholders.

Positive

Dividend increased from 19.75 cents to 20.75 cents, providing higher income for shareholders.
New annual dividend rate of $0.83 per share demonstrates company confidence in performance.

Negative

None.

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News Market Reaction – NC

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05/18/2022 - 06:52 PM

CLEVELAND, May 18, 2022 /PRNewswire/ -- NACCO Industries^® (NYSE: NC) today announced that the Board of Directors increased its regular cash dividend from 19.75 cents to 20.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2022 to stockholders of record at the close of business on May 31, 2022. The new dividend is equal to an annual rate of $0.83 per share.

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

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What is the new dividend amount for NACCO Industries?

The new dividend amount is 20.75 cents per share.

When will the dividend be paid to shareholders of NACCO Industries?

The dividend will be paid on June 15, 2022.

Who qualifies for the NACCO Industries dividend payment?

Stockholders of record at the close of business on May 31, 2022, will qualify.

What is the annual dividend rate after the increase for NACCO Industries?

The annual dividend rate is now $0.83 per share.

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NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND