NACCO Industries Keeps Dividend Steady

The industrial conglomerate spun off its Hyster-Yale division earlier this year, which is reflected in the quarterly payout.

By Rich Duprey – Aug 13, 2013 at 9:52PM EST

Industrial conglomerate NACCO Industries (NC +1.06%) announced today its third-quarter dividend of $0.25 per share on both its Class A and B shares, the same rate it's paid the same rate it paid in February, which reflected the spinoff of Hyster-Yale Materials Handling last September. Previously, the rate was $0.54 per share, though it paid a special dividend of $3.75 per share to investors in December.

The board of directors said the quarterly dividend is payable on September 13 to holders of record at the close of business on August 30. The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1.6% based on the closing price today of NACCO Industries' stock.

NC Dividend data by YCharts.

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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NACCO Industries Keeps Dividend Steady

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