Hamilton Beach Brands Holding Co (HBB) will raise its quarterly dividend by 5.6 percent to 9.5 cents per share in 2020. This follows a 5.9 percent hike to $0.09 per share in 2019 and marks the second consecutive year of dividend increases by the small appliances maker.

The next dividend will be paid September 15, 2020 to stockholders of record at the close of business on September 1, 2020. The new annual rate of 38 cents per share yields 2.1% at a stock price of $18.31.

Gregory H. Trepp, president and chief executive officer, said, "The Board's decision to increase the quarterly dividend demonstrates our confidence in the continued strength of 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.