HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Hyster-Yale Materials Handling (NYSE: HY) has announced a cash dividend of 32.25 cents per share for its Class A and Class B Common Stock. This dividend will be paid on September 15, 2022, to shareholders on record as of the close of business on September 1, 2022. This consistent dividend declaration reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Regular cash dividend of 32.25 cents per share enhances shareholder value.
• Dividend payment date of September 15, 2022, shows company's financial stability.

Negative

• None.

CLEVELAND, Aug. 10, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today 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, 2022 to stockholders of record at the close of business on September 1, 2022. 

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 Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni^®, Auramo^® and Meyer^® brand names, and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. 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.

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SOURCE Hyster-Yale Materials Handling, Inc.

FAQ

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

Hyster-Yale declared a quarterly dividend of 32.25 cents per share.

When will Hyster-Yale (HY) pay its dividend?

The dividend will be paid on September 15, 2022.

When is the record date for Hyster-Yale's (HY) dividend?

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

Is the dividend from Hyster-Yale (HY) sustainable?

The sustainability of Hyster-Yale's dividend can be evaluated based on its financial performance and cash reserves.