HAMILTON BEACH BRANDS HOLDING COMPANY INCREASES DIVIDEND BY 5%

Rhea-AI Summary

Hamilton Beach Brands Holding Company (NYSE: HBB) announced a 5% increase in its quarterly cash dividend, raising it from $0.10 to $0.105 per share. This adjustment reflects the company's commitment to providing returns to its shareholders. The new dividend will be payable on June 15, 2022, to shareholders of record by June 1, 2022. Hamilton Beach Brands is known for its wide range of small electric household appliances and has a strong brand presence in both consumer and commercial markets.

Positive

• 5% increase in quarterly cash dividend from $0.10 to $0.105 per share.
• Dividends payable to both Class A and Class B common stockholders.
• Payment reflects the company's commitment to shareholder returns.

Negative

• None.

GLEN ALLEN, Va., May 18, 2022 /PRNewswire/ -- The Board of Directors of Hamilton Beach Brands Holding Company (NYSE: HBB) has approved a 5% increase in the Company's regular quarterly cash dividend, raising the quarterly amount from $0.10 per share to $0.105 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 June 1, 2022.

About Hamilton Beach Brands Holding Company

Hamilton Beach Brands Holding Company operates through its wholly owned subsidiary Hamilton Beach Brands, Inc., a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. The Company's owned consumer brands include Hamilton Beach^®, Proctor Silex^®, Hamilton Beach Professional^®, Weston^®, TrueAir^®, Brightline^® and Hamilton Beach Health^®. The Company's owned commercial brands include Hamilton Beach Commercial^® and Proctor Silex Commercial^®. Hamilton Beach Brands licenses the brands for Wolf Gourmet^® countertop appliances, CHI^® premium garment care products, Clorox^® air purifiers, and Brita ^™ countertop water appliances. Hamilton Beach Brands markets and distributes the Bartesian^® premium cocktail delivery system through an exclusive multiyear agreement. Hamilton Beach Brands has entered the home medical market through a multiyear agreement with HealthBeacon plc and is the exclusive marketer and distributor of a smart Injection Care Management System in the U.S. and Canada under the new brand name Hamilton Beach Health^®. For more information about Hamilton Beach Brands Holding Company, visit hamiltonbeachbrands.com.

 

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SOURCE Hamilton Beach Brands Holding Company

FAQ

What is the new dividend amount for HBB?

The new quarterly dividend amount for Hamilton Beach Brands (HBB) is $0.105 per share.

When will the HBB dividend be paid?

The dividend will be paid on June 15, 2022.

What is the record date for HBB's dividend?

The record date for the dividend is June 1, 2022.

What does the dividend increase indicate about HBB's performance?

The dividend increase reflects HBB's commitment to providing returns to shareholders and suggests positive financial health.