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ParkOhio Announces Quarterly Dividend

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ParkOhio (NASDAQ: PKOH) has announced its Board of Directors declared a quarterly cash dividend of $0.125 per share on common stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024. The company operates as a diversified international organization with approximately 130 manufacturing sites and supply chain logistics facilities worldwide, operating through three segments: Supply Technologies, Assembly Components, and Engineered Products.

ParkOhio (NASDAQ: PKOH) ha annunciato che il suo Consiglio di Amministrazione ha dichiarato un dividendo in contante trimestrale di $0.125 per azione sulle azioni ordinarie. Il dividendo sarà pagato il 29 novembre 2024 agli azionisti registrati al 15 novembre 2024. L'azienda opera come un'organizzazione internazionale diversificata con circa 130 siti di produzione e strutture per la logistica della supply chain in tutto il mondo, operando attraverso tre segmenti: Tecnologie di Fornitura, Componenti di Assemblaggio e Prodotti Ingegnerizzati.

ParkOhio (NASDAQ: PKOH) ha anunciado que su Junta Directiva declaró un dividendo en efectivo trimestral de $0.125 por acción de acciones ordinarias. El dividendo se pagará el 29 de noviembre de 2024 a los accionistas registrados al 15 de noviembre de 2024. La empresa opera como una organización internacional diversificada con aproximadamente 130 sitios de manufactura y instalaciones de logística de cadena de suministro en todo el mundo, operando a través de tres segmentos: Tecnologías de Suministro, Componentes de Ensamble y Productos Ingenierizados.

ParkOhio (NASDAQ: PKOH)는 이사회가 보통주에 대해 주당 $0.125의 분기 현금 배당금을 선언했다고 발표했습니다. 배당금은 2024년 11월 29일2024년 11월 15일 기준 주주에게 지급될 예정입니다. 이 회사는 전 세계 약 130개 제조 사이트와 공급망 물류 시설을 운영하는 다각화된 국제 조직으로, 공급 기술, 조립 부품 및 엔지니어링 제품의 세 가지 부문을 통해 운영되고 있습니다.

ParkOhio (NASDAQ: PKOH) a annoncé que son Conseil d'Administration a déclaré un dividende trimestriel en espèces de 0,125 $ par action d'actions ordinaires. Le dividende sera payé le 29 novembre 2024 aux actionnaires enregistrés au 15 novembre 2024. L'entreprise fonctionne comme une organisation internationale diversifiée avec environ 130 sites de fabrication et infrastructures logistiques à l'échelle mondiale, opérant par le biais de trois segments : Technologies d'approvisionnement, Composants d'assemblage et Produits ingénierie.

ParkOhio (NASDAQ: PKOH) hat bekannt gegeben, dass der Vorstand eine vierteiljährliche Barausschüttung von $0.125 pro Aktie auf Stammaktien beschlossen hat. Die Dividende wird am 29. November 2024 an Aktionäre, die am 15. November 2024 im Aktienregister stehen, ausgezahlt. Das Unternehmen agiert als diversifizierte internationale Organisation mit etwa 130 Produktionsstätten und Logistikzentren für die Lieferkette weltweit, und zwar in drei Segmenten: Versorgungstechnologien, Baukomponenten und Ingenieurprodukte.

Positive
  • Consistent dividend payment demonstrates financial stability
  • Maintains quarterly dividend of $0.125 per share
Negative
  • None.

CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on November 29, 2024, to shareholders of record as of the close of business on November 15, 2024.

ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.

This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: our ability to realize any contingent consideration from the sale of the Aluminum Products business; the impact supply chain and logistic issues have on our business, results of operations, financial position and liquidity; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations, including the EMA acquisition; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities, including the conflicts between Russia and Ukraine and in the Middle East, or political unrest, including the rising tension between China and the United States; public health issues, including the outbreak of infectious diseases and any impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under "Item 1A. Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.

MATTHEW V. CRAWFORD

PARK-OHIO HOLDINGS CORP.

(440) 947-2000

Source: Park-Ohio Holdings Corp.

FAQ

What is ParkOhio's dividend amount for Q4 2024?

ParkOhio (PKOH) declared a quarterly cash dividend of $0.125 per share.

When is ParkOhio's Q4 2024 dividend payment date?

The dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024.

What is ParkOhio's dividend record date for Q4 2024?

The dividend record date is November 15, 2024.

How many facilities does ParkOhio (PKOH) operate globally?

ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide.

Park-Ohio Holdings Corp

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Specialty Industrial Machinery
Metal Forgings & Stampings
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United States of America
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