NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

NACCO Industries announced an increase in its quarterly cash dividend from 21.75 cents to 22.75 cents per share, payable to both Class A and Class B Common Stock holders. The new dividend, representing an annual rate of $0.91 per share, will be paid on June 17, 2024, to shareholders of record by the close of business on May 31, 2024.

Positive

• Dividend increased from 21.75 cents to 22.75 cents per share.
• New annual dividend rate set at $0.91 per share.
• Dividend payable to both Class A and Class B Common Stock, indicating inclusivity in shareholder benefits.
• Dividend payment date set for June 17, 2024, showing a clear timeline for investors.

Negative

• No significant new business developments or growth initiatives announced.
• Dividend increase may not significantly impact long-term stock growth potential.

CLEVELAND, May 15, 2024  /PRNewswire/ -- NACCO Industries^® (NYSE: NC) today announced that the Board of Directors increased its regular cash dividend from 21.75 cents to 22.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 17, 2024 to stockholders of record at the close of business on May 31, 2024.  The new dividend is equal to an annual rate of $0.91 per share.

About NACCO Industries

NACCO Industries^® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at nacco.com or get investor information at ir.nacco.com.

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SOURCE NACCO Industries

FAQ

When will NACCO Industries pay the increased dividend?

NACCO Industries will pay the increased dividend on June 17, 2024.

What is the new annual dividend rate for NACCO Industries?

The new annual dividend rate for NACCO Industries is $0.91 per share.

How much did NACCO Industries increase its dividend by?

NACCO Industries increased its dividend by 1 cent, from 21.75 cents to 22.75 cents per share.

Who is eligible to receive the NACCO Industries dividend?

Shareholders of record at the close of business on May 31, 2024, are eligible to receive the NACCO Industries dividend.