Hyster-Yale declares $0.35 quarterly dividend, marking 12th consecutive annual increase.

Hyster-Yale Materials Handling, Inc. declared a $0.35 quarterly dividend per share, payable on 13 September to shareholders of record as of 30 August. The dividend is the latest in a series of annual increases for the past 12 years, with a 19.0% payout ratio indicating its sustainability. The company has a market cap of $1.06bn and a beta of 1.35. Its stock has seen recent upgrades from Northland Securities to an "outperform" rating and from Roth Mkm to a "buy" rating.

August 15, 2024
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