Business
NACCO INDUSTRIES INCREASES DIVIDEND BY 4%
NACCO Industries® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2625 per share, which represents a 4% increase compared to the prior quarterly dividend rate of $0.2525 per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2026 to stockholders of record at the close of business on June 1, 2026. The new dividend is equal to an annual rate of $1.05 per share.
About this update from Nacco Industries, Inc.
[{"type":"text","content":"CLEVELAND, May 14, 2026 /PRNewswire/ -- NACCO Industries® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2625 per share, which represents a 4% increase compared to the prior quarterly dividend rate of $0.2525 per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2026 to stockholders of record at the close of business on June 1, 2026. The new dividend is equal to an annual rate of $1.05 per share.","length":514,"tagName":"p"},{"type":"text","content":""This dividend increase reflects our confidence in the Company's trajectory, disciplined capital allocation and ongoing commitment to returning cash to shareholders while investing in the long-term growth of our business," said J.C. Butler, President and CEO of NACCO Industries. "We have increased our dividend each year since 1956, with the exception of resets in 2012 and 2017 in connection with strategic business spinoffs. This increase extends our long-standing record of delivering reliable, steadily increasing returns to shareholders."","length":583,"tagName":"p"},{"type":"text","content":"Forward-looking Statements Disclaimer","length":37,"tagName":"p"},{"type":"text","content":"The statements contained in this news release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Among the factors that could cause plans, actions and results to differ materially from current expectations are, without limitation: (1) a significant reduction in demand by the Company's customers, (2) changes in the prices of hydrocarbons, particularly diesel fuel, natural gas, natural gas liquids and oil as a result of factors such as OPEC and/or government actions, geopolitical devel...