Hyster-Yale Materials Handling (HY) will raise its quarterly dividend by 2.4 percent to $0.3175 per share in 2019. Last year the dividend was hiked by 2.5 percent to 31 cents quarterly.

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. A new annual rate of $1.27 per share yields 2.7% at a stock price of $47.19.

Hyster-Yale Materials Handling, Inc. is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.