NACCO Industries Declares Quarterly Dividend

Rhea-AI Summary

NACCO Industries, Inc. (NYSE: NC) announced a regular cash dividend of 19.25 cents per share, payable on September 15, 2020, to stockholders of record by the close of business on September 1, 2020. This dividend applies to both Class A and Class B Common Stock, reflecting the company's commitment to returning income to its shareholders. NACCO operates in the mining and natural resources sectors through three main segments: Coal Mining, North American Mining, and Minerals Management, with a focus on sustainable income generation.

Positive

• Regular cash dividend of 19.25 cents per share announced, demonstrating commitment to shareholder returns.

Negative

• None.

CLEVELAND, Aug. 19, 2020 /PRNewswire/ -- NACCO Industries, Inc.^® (NYSE: NC) today announced that the Board of Directors declared a regular cash dividend of 19.25 cents per share.  The dividend is payable on both the Class A and Class B Common Stock, and will be paid September 15, 2020 to stockholders of record at the close of business on September 1, 2020.

About NACCO Industries, Inc.
NACCO Industries, Inc.^® is the public holding company for The North American Coal Corporation^®. The Company and its affiliates operate in the mining and natural resources industries through three operating segments:  Coal Mining, North American Mining and Minerals Management.  The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and activated carbon producers pursuant to a service-based business model. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium and other minerals.  The Minerals Management segment promotes the development of the Company's oil, gas and coal reserves, generating income primarily from royalty-based lease payments from third parties. In addition, the Company has launched a new business providing stream and wetland mitigation solutions.  For more information about NACCO Industries, visit the Company's website at www.nacco.com.

 

****

View original content to download multimedia:http://www.prnewswire.com/news-releases/nacco-industries-declares-quarterly-dividend-301115136.html

SOURCE NACCO Industries, Inc.

FAQ

What is the dividend amount announced by NACCO Industries?

NACCO Industries announced a dividend of 19.25 cents per share.

When will the dividend be paid?

The dividend will be paid on September 15, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 1, 2020.

Which stock classes are eligible for the dividend?

Both Class A and Class B Common Stock are eligible for the dividend.

How does NACCO generate income?

NACCO generates income primarily through its three segments: Coal Mining, North American Mining, and Minerals Management.