Hamilton Beach Brands Holding Co (HBB) will raise its quarterly dividend by 5.9 percent to $0.09 per share in 2019. This marks the first dividend hike since the household products and kitchenware company initiated a dividend in the fourth quarter of 2017.

The next dividend is payable on both the Class A and Class B Common Stock, and will be paid June 14, 2019 to stockholders of record at the close of business on May 31, 2019. The new annual rate of 36 cents per share yields 2.1% at a stock price of $16.86.

Gregory H. Trepp, president and chief executive officer, said, "Increasing the dividend demonstrates our confidence in our outlook for 2019, our cash flow generation and financial position. The dividend is an important way we provide value to our shareholders."

Hamilton Beach Brands Holding Company is an operating holding company for two separate businesses. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States.