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

NACCO Industries, Inc. (NYSE:NC) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.2625 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend 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 increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years.

NACCO Industries Stock Up 4.6%

Shares of NACCO Industries stock opened at $50.99 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.35 and a current ratio of 3.30. NACCO Industries has a 52-week low of $34.74 and a 52-week high of $59.42. The stock has a market capitalization of $384.44 million, a price-to-earnings ratio of 17.77 and a beta of 0.43. The company’s 50 day moving average price is $50.51 and its 200-day moving average price is $49.84.

NACCO Industries (NYSE:NC) last issued its 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 firm had revenue of $62.78 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised NACCO Industries from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NACCO Industries presently has a consensus rating of “Buy”.

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.