Hyster-Yale Materials Handling, Inc. Declares Quarterly Dividend, Payable on June 15, 2023
May 09, 2023 at 03:30 pm EDT
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Hyster-Yale Materials Handling, Inc. announced that the Board of Directors increased its regular cash dividend from 32.25 cents to 32.5 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2023 to stockholders of record at the close of business on June 1, 2023. The new dividend is equal to an annual rate of $1.30 per share.
Hyster-Yale, Inc., formerly Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Materials Handling, designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster and Yale brand names. The Company's business segments include Lift Trucks, Attachments and Fuel Cells. The Hyster-Yale Maximal brand provides trucks for customers requiring fundamental lift truck performance. The Lift Truck segment is focused on fuel cell-powered battery box replacements and integrated fuel cell engine solutions. Hyster- Yaleâs attachment subsidiary, Bolzoni S.p.A., is a producer of attachments, forks, and lift tables under the Bolzoni, Auramo and Meyer brand names. The Fuel Cell business, Nuvera Fuel Cells, is an alternative-power technology company focused on fuel cell stacks and engines.