Business
NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND AND ANNOUNCES STOCK REPURCHASE PROGRAM
NACCO Industries® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of 25.25 cents per share and announced a new stock repurchase program.
About this update from Nacco Industries, Inc.
[{"type":"text","content":"CLEVELAND, Nov. 18, 2025 /PRNewswire/ -- NACCO Industries® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of 25.25 cents per share and announced a new stock repurchase program.","length":227,"tagName":"p"},{"type":"text","content":"The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 15, 2025 to stockholders of record at the close of business on December 1, 2025.","length":176,"tagName":"p"},{"type":"text","content":"NACCO's Board of Directors approved a stock repurchase program under which NACCO may repurchase up to $20 million of the Company's outstanding Class A Common Stock through December 31, 2027. This program replaces the Company's previous repurchase program, which would have expired on December 31, 2025.","length":314,"tagName":"p"},{"type":"text","content":""We completed over $12 million of share repurchases under our previous program and we are pleased to announce the authorization of a new program," said J.C. Butler, President and Chief Executive Officer. "We will continue to purchase shares opportunistically as we balance repurchases with other capital needs and our desire to maintain a conservative balance sheet. We believe that maintaining a stock repurchase program is in the best interest of shareholders and it reflects confidence in our long-term business prospects."","length":546,"tagName":"p"},{"type":"text","content":"The timing and amount of any repurchases under the new repurchase program will be determined at the discretion of the Company's management based on a number of factors, including the availability of capital, other capital allocation alternatives and market conditions for the Company's Class A Common Stock. The share repurchase program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and may be executed through open-market purchases, privately negotiated transactions or otherwise. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so.","length":820,"tagName":"p"},{"type":"text","content":" Forwar...