Nacco Industries increases quarterly dividend 11% to 25.25c per share

Nacco Industries (NC) announced that its board of directors declared a regular quarterly cash dividend of 25.25c per share, which represents an 11% increase compared to the prior quarterly dividend rate of 22.75c per share. The dividend is payable on both the Class A and Class B common stock, and will be paid June 16 to stockholders of record at the close of business on May 30. The new dividend is equal to an annual rate of $1.01 per share, up 10c from the prior annual rate of 91c per share. This represents Nacco’s seventh consecutive annual dividend increase since the dividend was reset following the spin-off of Hamilton Beach Brands in September 2017. Nacco and its predecessor companies have paid quarterly cash dividends to stockholders since 1956.