CLEVELAND, Nov. 7, 2017 /PRNewswire/ -- NACCO
Industries, Inc. (NYSE: NC) today announced that at its first
regularly scheduled board meeting following the spin-off of
Hamilton Beach Brands Holding Company ("Hamilton Beach Holding") on
September 29, 2017, the Board of
Directors declared a regular quarterly cash dividend of
16.5 cents per share.
NACCO and its predecessor public company, The North American
Coal Corporation, have consistently paid dividends to public
shareholders since 1956. The announcement of the 16.5 cents per share cash dividend payout for the
fourth quarter establishes a new dividend level following the
spin-off of Hamilton Beach Holding. The new dividend is equal
to an annual rate of $0.66 per
share. The dividend is payable on both the Class A and
Class B Common Stock, and will be paid December 15, 2017 to stockholders of record at
the close of business on December 1,
2017.
About NACCO Industries, Inc.
NACCO Industries, Inc. is an operating holding company for The
North American Coal Corporation, which mines coal primarily for use
in power generation and provides value-added services for natural
resource companies.
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SOURCE NACCO Industries, Inc.