HAMILTON BEACH BRANDS HOLDING COMPANY INCREASES DIVIDEND BY 5%

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Hamilton Beach Brands Holding Company (HBB) raises its regular quarterly cash dividend by 5% to $0.11 per share. Dividend payable on June 15, 2023.

Positive

• Hamilton Beach Brands Holding Company (HBB) increases its regular quarterly cash dividend by 5% to $0.11 per share. This could attract income-seeking investors and potentially boost the stock price.

Negative

• None.

GLEN ALLEN, Va., May 11, 2023 /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 $0.105 per share to $0.11 per share.

The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2023, to stockholders of record at the close of business on June 1, 2023.

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^®, 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™ True HEPA air purifiers, and Brita Hub™ countertop electric water filtration appliances. Hamilton Beach Brands has exclusive multiyear agreements to design, sell, market and distribute Bartesian^® premium cocktail delivery machines, the Smart Sharps Bin™ from Hamilton Beach Health^® powered by HealthBeacon^®, and specialty appliances to create Numilk^® non-dairy fresh milk on demand. 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 dividend increase for Hamilton Beach Brands Holding Company (HBB)?

The dividend has been increased by 5% to $0.11 per share.

When will the dividend be paid?

The dividend will be paid on June 15, 2023.

Who is eligible for the dividend?

Stockholders of record at the close of business on June 1, 2023, are eligible for the dividend.