Nacco Industries dividend – NACCO Industries declares quarterly dividend

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NACCO ($NYSE:NC) Industries is a holding company that operates businesses in a variety of industries. One of its subsidiaries is the North American Coal Corporation, which is one of the largest coal producers in the United States. NACCO also has a majority interest in KB Home, one of the largest homebuilders in the United States.

Dividends – Nacco Industries dividend

NACCO Industries, Inc. announced that it has declared a quarterly dividend of $0.80 per share of common stock. This marks an increase from the $0.78 and $0.77 dividends per share that were issued last year. NACCO Industries has a history of paying and increasing dividends, with its dividend yields from 2020 to 2022 being 2.57%, 2.9%, and 2.25%. Its three-year average dividend yield is 2.57%.

If you are looking for dividend stocks, NACCO Industries might be worth considering. It has a strong history of paying and increasing dividends, and its dividend yield is above average.

Market Price

NACCO Industries announced on Wednesday that it would be declaring a quarterly dividend. This news sent the stock tumbling, as investors reacted to the news. The stock opened at $46.70 and closed at $45.50, down 4.4% from the previous closing price of $47.60. The company’s announcement of a quarterly dividend may have caught investors by surprise, as the stock had been on a steady climb in recent months. It is possible that the market was expecting NACCO Industries to use its increased cash flow to invest in growth opportunities or to repurchase shares.

However, the company has decided to return cash to shareholders in the form of dividends. While the stock price reaction may have been negative in the short-term, investors should remember that NACCO Industries is a diversified company with a long history of success. The dividend announcement may be a sign that management believes the company is in a strong position to weather any potential economic headwinds.

VI Analysis

It operates through the following segments: Mining, Housewares, and Appliances. The Mining segment produces and markets coal and other minerals. The Housewares segment manufactures and markets small electric housewares and specialty housewares. The Appliances segment manufactures and markets major and small household appliances. NACCO Industries, Inc. is a holding company that engages in the mining and merchandising of coal and other minerals. It operates through the following segments: Mining, Housewares, and Appliances. The Mining segment produces and markets coal and other minerals.

The Housewares segment manufactures and markets small electric housewares and specialty housewares. The Appliances segment manufactures and markets major and small household appliances. NACCO Industries, Inc. is a holding company with a focus on mining and merchandising coal and other minerals. The company operates through several segments, including Mining, Housewares, Appliances, and others.

VI Peers

The company operates through its subsidiaries, which include The North American Coal Corporation, Hamilton Beach Brands Inc, and Kitchen Collection LLC. NACCO Industries Inc’s competitors include PT Prima Andalan Mandiri Tbk, Alliance Resource Partners LP, and PT ABM Investama Tbk.

– PT Prima Andalan Mandiri Tbk ($IDX:MCOL)

PT Prima Andalan Mandiri Tbk is an Indonesian holding company that is engaged in a number of businesses, including providing financial services, investment management, and insurance. The company has a market cap of 26.22 trillion as of 2022 and a return on equity of 69.24%. PT Prima Andalan Mandiri Tbk is headquartered in Jakarta, Indonesia.

– Alliance Resource Partners LP ($NASDAQ:ARLP)

Alliance Resource Partners LP is a coal producer and marketer with operations in the United States. The company has a market cap of $3.08 billion and a return on equity of 19.31%. Alliance Resource Partners LP produces and markets coal to utilities and industrial users in the United States. The company operates mines in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

– PT ABM Investama Tbk ($IDX:ABMM)

ABM Investama Tbk is a publicly traded holding company with a market capitalization of 11.67 trillion as of 2022. The company has a diversified portfolio of businesses, including financial services, mining, and energy. The company has a strong balance sheet and a return on equity of 66.56%. The company is well-positioned to continue growing its businesses and generating shareholder value.

Summary

NACCO Industries is a holding company that engages in a variety of businesses, including mining, retail, and investments. The company’s mining business is conducted through its wholly owned subsidiary, North American Coal Corporation. North American Coal operates mines in the United States and produces coal for a variety of applications, including power generation, steelmaking, and cement manufacturing. The company’s retail business is conducted through its wholly owned subsidiary, Hamilton Beach Brands, Inc., which manufactures and markets small kitchen appliances, including blenders, toasters, and coffee makers.

Hamilton Beach also markets a range of other products, including air purifiers, irons, and portable fans. NACCO’s investment portfolio includes equity investments in publicly traded companies and real estate investment trusts .