NACCO Industries, Inc. (NC) to Issue Quarterly Dividend of $0.26 on June 15th

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

NACCO Industries Trading Down 0.4%

Shares of NC stock opened at $50.51 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. The stock has a market capitalization of $380.87 million, a P/E ratio of 17.60 and a beta of 0.43. The company has a 50 day moving average price of $50.07 and a 200 day moving average price of $50.30. NACCO Industries has a fifty-two week low of $35.43 and a fifty-two week high of $59.42.

NACCO Industries (NYSE:NC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 earnings per share 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 during the quarter.

Insider Activity at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 1,785 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $48.55, for a total transaction of $86,661.75. Following the completion of the sale, the senior vice president owned 5,944 shares in the company, valued at approximately $288,581.20. The trade was a 23.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elizabeth Loveman sold 4,053 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $52.04, for a total transaction of $210,918.12. Following the completion of the transaction, the senior vice president owned 16,661 shares of the company’s stock, valued at approximately $867,038.44. The trade was a 19.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,500 shares of company stock valued at $383,073 in the last quarter. 44.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of NACCO Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock valued at $4,677,000 after buying an additional 2,507 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of NACCO Industries by 2.3% in the 3rd quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after buying an additional 1,722 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NACCO Industries by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock valued at $2,516,000 after buying an additional 604 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of NACCO Industries by 6.9% in the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after buying an additional 2,528 shares in the last quarter. Finally, Saber Capital Managment LLC acquired a new position in shares of NACCO Industries in the 4th quarter valued at $1,121,000. Institutional investors and hedge funds own 49.10% of the company’s stock.

About NACCO Industries

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.