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Hyster-Yale Inc. Declares Quarterly Dividend

CLEVELAND, Feb. 12, 2025 — Hyster-Yale, Inc. (NYSE: HY) has officially declared a regular cash dividend of 35 cents per share. This announcement came from the company's Board of Directors and is indicative of Hyster-Yale's commitment to providing value to its shareholders.

Details of the Dividend Announcement

The declared dividend applies to both Class A and Class B Common Stock. Shareholders will receive the cash dividend on March 14, 2025, provided they are on record by the close of business on February 28, 2025. This regular payout exemplifies the company's ongoing efforts to offer consistent returns to its investors, even amid fluctuating market conditions.

About Hyster-Yale, Inc.

Based in Cleveland, Ohio, Hyster-Yale, Inc. is a leading global supplier of lift trucks and related solutions. The company aims to meet diverse materials handling needs through a wide array of products, including attachments and hydrogen fuel cell power solutions. Hyster-Yale’s mission is to enhance how materials are moved around the world, from ports to homes, while ensuring that it delivers on its commitments to its customers. This includes understanding customer applications deeply and providing optimal solutions to enhance productivity and reduce ownership costs.

Product Offerings

Hyster-Yale’s wholly-owned subsidiary, Hyster-Yale Materials Handling, Inc., is responsible for designing, engineering, manufacturing, and servicing a comprehensive portfolio of lift trucks, attachments, and aftermarket parts. These products are primarily marketed under the well-known Hyster® and Yale® brand names, appealing to a global customer base.

Additionally, Hyster-Yale encompasses other subsidiaries, such as Bolzoni S.p.A., which is recognized as a leading global producer of attachments and forks marketed under multiple brands like Bolzoni®, Auramo®, and Meyer®. Furthermore, the company has made strides in alternative energy through its subsidiary, Nuvera Fuel Cells, LLC, specializing in fuel cell technology.

Financial Outlook and Shareholder Value

The recent announcement comes as part of Hyster-Yale's broader strategy to foster shareholder value through regular and reliable financial returns. The $0.35 dividend reflects the company’s strong financial position and represents an opportunity for shareholders to benefit from the organization’s operational success. This move is also likely to appeal to potential investors looking for stable dividend-paying stocks within the industrial sector.

Conclusion

With the declared dividend, Hyster-Yale, Inc. continues to demonstrate its dedication to its shareholders while simultaneously pushing forward with innovative products that address modern materials handling challenges. Investors will no doubt be looking forward to the upcoming payout as a positive affirmation of the company's solid performance in the competitive market of lift trucks and related solutions. For further details on Hyster-Yale and its comprehensive product range, visit www.hyster-yale.com.