Hyster-Yale Materials Handling Declares Quarterly Dividend

Rhea-AI Summary

On November 17, 2021, Hyster-Yale Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share, payable on December 15, 2021. Shareholders on record as of December 1, 2021, will receive this dividend for both Class A and Class B Common Stock. Hyster-Yale is known for its extensive range of materials handling solutions through its primary brands, Hyster® and Yale®, alongside subsidiaries like Bolzoni S.p.A. and Nuvera Fuel Cells.

Positive

• Declared a cash dividend of 32.25 cents per share.
• Demonstrates commitment to returning value to shareholders.

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• None.

CLEVELAND, Nov. 17, 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 December 15, 2021 to stockholders of record at the close of business on December 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 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 Materials Handling?

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

When will the dividend be paid?

The dividend will be paid on December 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 1, 2021.

Is the dividend applicable to both Class A and Class B shares?

Yes, the dividend is payable on both Class A and Class B Common Stock.

How does the dividend reflect on Hyster-Yale's financial health?

The declaration of a dividend indicates Hyster-Yale's ongoing commitment to shareholder returns, suggesting a stable financial position.