Hyster-Yale Keeps Dividend Flat at $0.25
Heavy-equipment maker Hyster-Yale Materials Handling announced yesterday its second-quarter dividend of $0.25 per share for both its Class A and Class B stock.
That's the same rate it paid for the past two quarters following its spinoff from NACCO Industries. Hyster-Yale also paid a special dividend of $2.00 per share in December 2012. The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 31.
Hyster-Yale can trace its roots as far back as 1840. The regular dividend payment equates to a $1.00-per-share annual dividend yielding 1.8% based on the closing price of HNI's stock on May 7.
The article Hyster-Yale Keeps Dividend Flat at $0.25 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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