Hyster-Yale Materials Handling Declares Quarterly Dividend

Rhea-AI Summary

Hyster-Yale Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share. This dividend applies to both Class A and Class B Common Stock, with a payment date of September 15, 2021. Stockholders on record by the close of business on September 1, 2021 will receive the dividend. Hyster-Yale designs and manufactures lift trucks and aftermarket parts, with operations also in alternative-power technology through its subsidiary Nuvera Fuel Cells.

Positive

• Dividend of 32.25 cents per share indicates strong cash flow and shareholder returns.

Negative

• None.

CLEVELAND, Aug. 11, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a regular cash dividend of 32.25 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid September 15, 2021 to stockholders of record at the close of business on September 1, 2021. 

About Hyster-Yale Materials Handling, Inc.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers' applications.  The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster^® and Yale^® brand names.  Subsidiaries of Hyster-Yale include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni^®, Auramo^® and Meyer^® brand names.  Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal).  For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.

*****

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyster-yale-materials-handling-declares-quarterly-dividend-301353740.html

SOURCE Hyster-Yale Materials Handling, Inc.

FAQ

What is the dividend amount for Hyster-Yale (HY)?

The dividend amount for Hyster-Yale is 32.25 cents per share.

When is the dividend for Hyster-Yale (HY) payable?

The dividend is payable on September 15, 2021.

Who is eligible for the Hyster-Yale (HY) dividend?

Stockholders of record as of September 1, 2021, are eligible for the dividend.

How frequently does Hyster-Yale (HY) pay dividends?

Hyster-Yale typically pays dividends quarterly.

Is the dividend payment for Hyster-Yale (HY) sustainable?

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