The Board of Directors of Hamilton Beach Brands Holding Company (HBB) has approved a 5% increase in the Company's regular quarterly cash dividend, raising the quarterly amount from $0.10 per share to $0.105 per share. The next HBB dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2022, to stockholders of record at the close of business on June 1, 2022. A new annual dividend rate of 42 cents per share yields 4% at a stock price of $10.58 for HBB.
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.