NACCO Industries Declares Quarterly Dividend

Rhea-AI Summary

NACCO Industries, Inc. (NYSE: NC) declared a cash dividend of 19.25 cents per share, payable on March 16, 2021. Stockholders of record as of March 8, 2021 will receive this dividend on both Class A and Class B Common Stock. NACCO operates in coal mining, North American mining, and minerals management, generating income primarily through long-term contracts and royalty-based leases. This dividend reflects the company’s ongoing commitment to providing returns to its shareholders.

Positive

• Regular cash dividend of 19.25 cents per share announced, indicating financial health.
• Dividend payment scheduled for March 16, 2021, enhancing shareholder returns.

Negative

• None.

CLEVELAND, Feb. 24, 2021 /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 March 16, 2021 to stockholders of record at the close of business on March 8, 2021.

About NACCO Industries, Inc.

NACCO Industries, Inc.^®, through a portfolio of mining and natural resources businesses, operates under three business 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 an activated carbon producer 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 a business providing stream and wetland mitigation solutions. For more information about NACCO Industries, visit the Company's website at www.nacco.com.

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SOURCE NACCO Industries, Inc.

FAQ

When is the NACCO dividend payment date?

The NACCO dividend payment date is March 16, 2021.

What is the dividend amount declared by NACCO?

NACCO has declared a dividend amount of 19.25 cents per share.

Who will receive the NACCO dividend?

Stockholders of record as of March 8, 2021, will receive the NACCO dividend.

What segments does NACCO operate in?

NACCO operates in coal mining, North American mining, and minerals management.