Nacco Industries dividend yield – NACCO Industries Boosts Dividend From Last Year’s Comparable
June 19, 2023
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NACCO ($NYSE:NC) Industries, Inc., a leading North American company with interests in specialty retail, mining, and housewares and small appliances, has announced a significant increase in its dividend from last year. The company is headquartered in Cleveland, Ohio, and has operations throughout the U.S., Canada, and Mexico. Its stock (NC) is traded on the New York Stock Exchange.
The company’s board of directors has determined that the extra cash flow generated from these impressive results should be returned to its shareholders. He added that the company expects to continue delivering consistent financial results and rewarding shareholders through both dividend payments and share repurchases.
Dividends – Nacco Industries dividend yield
The current dividend yield rate from 2021 to 2023 is 1.8%, 1.85%, and 2.9%, respectively, resulting in an average dividend yield of 2.18%. This makes NACCO a strong option for investors looking for dividend stocks. The increase in the dividend rate is a testament to the financial soundness of the firm and its commitment to rewarding its shareholders.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nacco Industries. More…
| Total Revenues | Net Income | Net Margin |
| 236.84 | 67.27 | 17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nacco Industries. More…
| Operations | Investing | Financing |
| 75.06 | -35.09 | -11.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nacco Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 562.12 | 130.44 | 57.48 |
Key Ratios Snapshot
Some of the financial key ratios for Nacco Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.6% | -36.2% | 33.4% |
| FCF Margin | ROE | ROA |
| 12.4% | 11.5% | 8.8% |
Stock Price
This is the fourth consecutive year that NACCO Industries has raised its dividend. The increase was seen as a sign of confidence in the company’s financial performance and outlook. Shares of NACCO Industries opened on Tuesday at $33.2 and closed at $34.0, up by 3.0% from its previous closing price of 33.0. This news sent the company’s stock higher and generated positive sentiment in the market.
NACCO Industries’ move to increase its dividend demonstrates its commitment to shareholders. It is also a signal of the company’s financial strength and its outlook for the future. With its solid dividend yield and steady stock prices, NACCO Industries is well positioned to continue its success in the industrial sector. Live Quote…
Analysis – Nacco Industries Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of NACCO INDUSTRIES to calculate its fair value. Our proprietary Valuation Line has determined that the fair value of the company’s share lies around $39.7. However, the stock is currently traded at $34.0, which is a fair price but still undervalued by 14.3%. This means that investors can potentially make an attractive return if they purchase NACCO INDUSTRIES’ stock at the current price. More…
Peers
The company operates through its subsidiaries, which include The North American Coal Corporation, Hamilton Beach Brands Inc, and Kitchen Collection LLC. NACCO Industries Inc’s competitors include PT Prima Andalan Mandiri Tbk, Alliance Resource Partners LP, and PT ABM Investama Tbk.
– PT Prima Andalan Mandiri Tbk ($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, Inc. recently gained investor attention when they announced an increase to their dividend from last year, prompting a rise in stock prices. This news is significant for investors, as it could suggest that the company is in a strong financial position and can afford to pay higher dividends. It could also be indicative of a healthy outlook in the future, as the company is taking advantage of its current financial strength to reinvest into the business. Investors should also consider taking a closer look at NACCO’s financial metrics to get a better understanding of their performance and potential for the future.
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