Hyster-Yale Keeps Dividend Flat at $0.25

Lift truck manufacturer has three quarters of dividend payments under its belt since spinoff.

By Rich Duprey – May 9, 2013 at 2:24PM EST

Heavy-equipment maker Hyster-Yale Materials Handling (HY 2.69%) announced yesterday its second-quarter dividend of $0.25 per share for both its Class A and Class B stock.

That's the same rate it paid for the past two quarters following its spinoff from NACCO Industries. Hyster-Yale also paid a special dividend of $2.00 per share in December 2012. The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 31.

Hyster-Yale can trace its roots as far back as 1840. The regular dividend payment equates to a $1.00-per-share annual dividend yielding 1.8% based on the closing price of HNI's stock on May 7.

HY Dividend data by YCharts. Chart reflects $2-per-share special dividend paid in December 2012.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Hyster-Yale Keeps Dividend Flat at $0.25

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