Hyster-Yale Declares Regular Cash Dividend for Shareholders
Key Ideas
- Hyster-Yale announces a regular cash dividend of 35 cents per share, reflecting stability and commitment to shareholders.
- The company is a globally integrated entity offering a wide range of lift trucks and solutions, showcasing its diversified product offerings.
- Strong brand presence with Hyster® and Yale® lift trucks enhances market visibility and customer recognition.
- Inclusion of hydrogen fuel cell power products in its portfolio demonstrates a commitment to alternative power technologies.
Hyster-Yale, Inc. (NYSE: HY) has declared a regular cash dividend of 35 cents per share, payable on both Class A and Class B Common Stock. The dividend will be paid on September 13, 2024, to stockholders of record as of August 30, 2024. Hyster-Yale is a globally integrated company offering a full line of lift trucks and materials handling solutions, including attachments and hydrogen fuel cell power products. The company operates through its subsidiary, Hyster-Yale Materials Handling, Inc., which designs, engineers, manufactures, and services lift trucks under the Hyster® and Yale® brand names. Other subsidiaries include Bolzoni S.p.A. and Nuvera Fuel Cells. With a strong brand presence and a diversified product portfolio that includes alternative power technologies like fuel cells, Hyster-Yale aims to meet the specific materials handling needs of its global customer base. The announcement of the regular dividend payment reflects the company's stability and commitment to its shareholders, showcasing its focus on delivering value and customer care throughout the product lifecycle.