Hamilton Beach Brands Holding Company Increases Dividend By 6%

Rhea-AI Summary

On August 19, 2020, Hamilton Beach Brands Holding Company (NYSE: HBB) announced a 6% increase in its quarterly cash dividend, raising it from $0.09 to $0.095 per share. This adjustment translates to an annual rate of $0.38 per share. The dividend is scheduled for payment on September 15, 2020, to shareholders recorded by September 1, 2020. CEO Gregory H. Trepp emphasized that this decision reflects the company's robust cash flow and financial position, demonstrating commitment to delivering shareholder value.

Positive

• 6% increase in quarterly dividend from $0.09 to $0.095 per share.
• Annual dividend now stands at $0.38 per share.
• Reflects strong cash flow generation and financial stability.

Negative

• None.

GLEN ALLEN, Va., Aug. 19, 2020 /PRNewswire/ -- The Board of Directors of Hamilton Beach Brands Holding Company (NYSE: HBB) has approved a 6% increase in the Company's regular quarterly cash dividend, raising the quarterly amount from $0.09 per share to $0.095 per share. The new dividend is equal to an annual rate of $0.38 per share.

Gregory H. Trepp, president and chief executive officer, said, "The Board's decision to increase the quarterly dividend demonstrates our confidence in the continued strength of our cash flow generation and financial position. The dividend is an important way we provide value to our shareholders."

The dividend is payable on both the Class A and Class B Common Stock, and will be paid September 15, 2020 to stockholders of record at the close of business on September 1, 2020. 

About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company is a holding company for 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 consumer brands include Hamilton Beach^®, Proctor Silex^®, Hamilton Beach^® Professional, Weston^® field-to-table and farm-to-table food preparation equipment, TrueAir^® air purifiers,  and Brightline™ personal care products. Hamilton Beach licenses the brands for Wolf Gourmet^® countertop appliances and CHI^® premium garment care products. Hamilton Beach markets the Bartesian^® premium cocktail delivery system through an exclusive multiyear agreement. Commercial brands include Hamilton Beach Commercial^® and Proctor Silex Commercial^®.  For more information about Hamilton Beach Brands Holding Company, visit the Company's website at www.hamiltonbeachbrands.com.

 

 

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SOURCE Hamilton Beach Brands Holding Company

FAQ

What is the new dividend amount for HBB shareholders?

The new dividend amount for Hamilton Beach Brands (HBB) shareholders is $0.095 per share.

When will the new dividend be paid to HBB shareholders?

The new dividend will be paid on September 15, 2020.

What is the annual dividend rate for HBB after the increase?

After the increase, the annual dividend rate for HBB is $0.38 per share.

When is the record date for receiving the HBB dividend?

The record date for receiving the HBB dividend is September 1, 2020.