NACCO Industries, Inc. (NYSE:NC) Declares $0.25 Quarterly Dividend

NACCO Industries, Inc. (NYSE:NCGet Free Report) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.2525 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, March 2nd.

NACCO Industries has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

NACCO Industries Trading Up 0.6%

NYSE:NC traded up $0.31 during trading hours on Friday, hitting $56.30. The stock had a trading volume of 1,209 shares, compared to its average volume of 9,781. The business’s 50 day moving average is $50.11 and its 200-day moving average is $45.22. The company has a market cap of $420.01 million, a price-to-earnings ratio of 14.40 and a beta of 0.48. NACCO Industries has a one year low of $30.00 and a one year high of $58.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.18 and a current ratio of 3.06.

NACCO Industries announced that its Board of Directors has approved a share repurchase program on Tuesday, November 18th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

About NACCO Industries

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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.

See Also

Dividend History for NACCO Industries (NYSE:NC)

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