HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

On February 14, 2023, Hyster-Yale Materials Handling (NYSE: HY) announced a regular cash dividend of 32.25 cents per share. This dividend applies to both Class A and Class B Common Stock and will be distributed on March 15, 2023. Stockholders of record as of March 1, 2023 will receive this payment. The company's robust position in materials handling solutions and diversified product offerings under the Hyster and Yale brands underscore its commitment to shareholder returns.

Positive

• Declared a dividend of 32.25 cents per share, enhancing shareholder income.
• Dividends to be paid on both Class A and Class B Common Stock, indicating company confidence.

Negative

• None.

CLEVELAND, Feb. 14, 2023 /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 March 15, 2023 to stockholders of record at the close of business on March 1, 2023. 

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, attachments 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 Group also has an unconsolidated joint venture in Japan (Sumitomo NACCO). 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 and payment date for Hyster-Yale (HY)?

Hyster-Yale declared a dividend of 32.25 cents per share, payable on March 15, 2023.

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

The record date for Hyster-Yale's dividend is March 1, 2023.

How often does Hyster-Yale pay dividends?

Hyster-Yale has a history of declaring regular quarterly dividends.

Is the dividend from Hyster-Yale sustainable?

The sustainability of the dividend can depend on the company's financial performance and market conditions.