Hyster-Yale Materials Handling Declares Quarterly Dividend

Rhea-AI Summary

Hyster-Yale Materials Handling, Inc. (NYSE: HY) has declared a cash dividend of 31.75 cents per share, payable on March 16, 2021. The dividend will be distributed to stockholders of record as of the close of business on March 1, 2021. This announcement highlights the company's commitment to returning value to its shareholders.

Positive

• Declared a cash dividend of 31.75 cents per share, signaling financial stability and shareholder value.
• The dividend payment demonstrates confidence in future earnings and cash flow.

Negative

• None.

CLEVELAND, Feb. 17, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors declared a regular cash dividend of 31.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid March 16, 2021 to stockholders of record at the close of business on March 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.

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SOURCE Hyster-Yale Materials Handling, Inc.

FAQ

What is the dividend amount declared by Hyster-Yale Materials Handling for March 2021?

Hyster-Yale Materials Handling declared a cash dividend of 31.75 cents per share.

When will the dividend be paid to shareholders of Hyster-Yale Materials Handling?

The dividend will be paid on March 16, 2021.

Who qualifies for the dividend payment from Hyster-Yale Materials Handling?

Stockholders of record at the close of business on March 1, 2021, will qualify for the dividend.

How often does Hyster-Yale Materials Handling pay dividends?

Hyster-Yale Materials Handling typically pays dividends on a quarterly basis.