Hamilton Beach Brands Holding Company Increases Dividend By 5%

Rhea-AI Summary

The Board of Directors of Hamilton Beach Brands Holding Company (HBB) announced a 5% increase in its quarterly cash dividend, raising it from $0.095 to $0.10 per share. This dividend is scheduled for payment on June 15, 2021, for stockholders recorded as of June 1, 2021. The company continues to show confidence by increasing shareholder returns, bolstering its commitment to providing value to investors.

Positive

• Dividend increased by 5% from $0.095 to $0.10 per share.
• Confidence in financial stability demonstrated by dividend increase.

Negative

• None.

GLEN ALLEN, Va., May 19, 2021 /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 $0.095 per share to $0.10 per share.

The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2021 to stockholders of record at the close of business on June 1, 2021. 

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^®, TrueAir^®, 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?

The new dividend amount for Hamilton Beach Brands (HBB) is $0.10 per share.

When will the HBB dividend be paid?

The HBB dividend will be paid on June 15, 2021.

What is the record date for the HBB dividend?

The record date for the HBB dividend is June 1, 2021.

How often does HBB pay dividends?

Hamilton Beach Brands (HBB) pays dividends quarterly.

Is the HBB dividend sustainable?

The sustainability of the HBB dividend depends on the company's ongoing financial performance.