NACCO Industries Declares Significant 11% Increase in Quarterly Dividend

NACCO Industries Announces Dividend Hike

NACCO Industries® (NYSE: NC) recently revealed an impressive 11% increase in its quarterly cash dividend, reflecting its robust financial health and commitment to shareholder returns. This decision was made by the Board of Directors and signifies its trust in the company’s long-term growth trajectory. The new dividend stands at 25.25 cents per share, up from the previous rate of 22.75 cents per share.

Scheduled for payment on June 16, 2025, the dividend will reach both Class A and Class B common stockholders who are registered by the close of business on May 30, 2025. With this increment, the annualized dividend rate will now be $1.01 per share, a marked improvement from the prior annual dividend of 91 cents. This marks the seventh consecutive year NACCO has raised its dividend since its reset following the spin-off of Hamilton Beach Brands Holding Company in September 2017.

Strengthening Investor Confidence

J.C. Butler, the President and CEO of NACCO Industries, conveyed optimism about the company’s future. He stated, “The 11% increase in our dividend underscores our confidence in NACCO's long-term outlook, our capital management discipline, and our ongoing commitment to delivering value to our stockholders.” This statement reflects a broader strategy that aligns NACCO's operational discipline with its growth ambitions in key sectors of the American economy.

A History of Dividend Payments

NACCO Industries holds a legacy of rewarding its shareholders; the company and its predecessors have been issuing quarterly cash dividends since 1956. Throughout its history, investing in NACCO has equated to consistent returns for investors, enhancing its reputation in the natural resources sector.

Future Outlook

NACCO Industries is poised for transformative growth in 2025 with substantial projects anticipated within its operational framework. Butler noted that the company is ensuring its various business units are strategically positioned to capitalize on favorable market trends and generate profits from multi-year projects. As NACCO navigates through the evolving landscape of the American economy, the commitment to enhancing shareholder value remains a key focus.

About NACCO Industries

As a significant player in the natural resources sector, NACCO Industries leverages its diverse expertise to deliver aggregates, minerals, and reliable fuels. Through its NACCO Natural Resources businesses, the company remains dedicated to environmental solutions. For more information on NACCO’s various operations and investor resources, visit nacco.com or access investor insights at ir.nacco.com.

Disclaimer on Forward-Looking Statements

It’s essential to acknowledge that statements made during this announcement regarding future expectations are subject to risks and uncertainties that may affect actual results. Readers should remain aware of these forward-looking statements, which speak only as of the date they were made. Factors influencing these expectations include customer contracts, regulatory changes, market trends, and competitive dynamics.

In conclusion, NACCO Industries’ recent announcement of an 11% dividend increase is not only a message of financial strength but also a reaffirmation of its commitment to its shareholders amid a dynamic market landscape. Investors can look forward to NACCO’s upcoming performance and strategic initiatives that promise ongoing shareholder value.