NACCO Industries (NC) will hike its quarterly dividend by 15.2 percent to $0.19 per share in 2019. This is the first dividend hike announced by the holding company since 2016.
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 dividend is equal to an annual rate of $0.76 per share and yields 1.6% at a stock price of $48.69.
NACCO Industries, Inc. is an operating holding company for The North American Coal Corporation, which mines coal primarily for use in power generation and provides value-added services for natural resource companies. Coal is surface mined from NACoal's mines in North Dakota, Texas, Mississippi, Louisiana and the Navajo Nation in New Mexico. NACCO and its predecessor public company, The North American Coal Corporation, have consistently paid dividends to public shareholders since 1956.