NACCO Industries (NC) today announced that the Board of Directors increased its regular cash dividend from 20.75 cents to 21.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2023 to stockholders of record at the close of business on May 31, 2023. The new dividend is equal to an annual rate of $0.87 per share.
This marks 5 consecutive years of increased dividends by Nacco. The new dividend yield is 2.6% at a stock price of $32.
NACCO Industries brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses.