NACCO Industries, Inc. (NYSE:NC) Raises Dividend to $0.26 Per Share

NACCO Industries, Inc. (NYSE:NC) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 1st will be paid a dividend of 0.2625 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, June 1st. This is a 4.0% increase from NACCO Industries’s previous quarterly dividend of $0.25.

NACCO Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years.

NACCO Industries Stock Up 4.6%

Shares of NC traded up $2.26 during midday trading on Thursday, hitting $50.99. The company had a trading volume of 12,581 shares, compared to its average volume of 11,556. The company has a quick ratio of 2.35, a current ratio of 3.30 and a debt-to-equity ratio of 0.27. NACCO Industries has a 52 week low of $34.74 and a 52 week high of $59.42. The company’s 50 day moving average price is $50.63 and its 200 day moving average price is $49.78. The stock has a market cap of $384.19 million, a price-to-earnings ratio of 17.77 and a beta of 0.43.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.17 earnings per share (EPS) for the quarter. NACCO Industries had a net margin of 7.84% and a return on equity of 5.04%. The business had revenue of $62.78 million for the quarter.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.