Hamilton Beach Brands raises quarterly dividend to $0.12 per share

GLEN ALLEN, Va. - Hamilton Beach Brands Holding Company (NYSE:HBB), a prominent player in the small household appliance market, has declared a 4.3% increase in its regular quarterly cash dividend. The dividend has been raised from $0.115 to $0.12 per share, as confirmed by the company’s Board of Directors today. According to InvestingPro data, this marks the company’s 8th consecutive year of dividend increases, with a current yield of 3.16%.

Shareholders of both Class A and Class B Common Stock will be eligible for the increased dividend, which is scheduled to be distributed on June 13, 2025. The record date to determine the shareholders entitled to receive the dividend is set for the close of business on May 30, 2025. The company maintains strong financial health with a "Good" overall rating from InvestingPro, supported by a healthy current ratio of 1.97 and sufficient cash flows to cover interest payments.

Hamilton Beach Brands Holding Company is known for its design, marketing, and distribution of a broad spectrum of household and commercial appliances. The company’s portfolio includes a variety of owned consumer brands such as Hamilton Beach®, Proctor Silex®, and TrueAir®, as well as commercial brands like Hamilton Beach Commercial® and Proctor Silex Commercial®. Additionally, the company holds licenses for CHI® garment care products, Clorox™ home appliances, and Brita Hub™ water filtration devices.

The company has also secured exclusive agreements to market and distribute innovative products like Bartesian® cocktail makers and Numilk® plant-based milk makers. In the healthcare management field, Hamilton Beach Health, a subsidiary of the company, has been actively increasing its presence. This expansion was bolstered in 2024 with the acquisition of HealthBeacon, a medical technology firm specializing in connected devices and a strategic partner since 2021.

The announcement of the dividend increase reflects the company’s financial health and its commitment to providing value to its shareholders. Trading at a P/E ratio of 5.98 and generating a substantial free cash flow yield, InvestingPro analysis indicates the stock is currently undervalued. This information is based on a press release statement from Hamilton Beach Brands Holding Company and comprehensive financial analysis available through InvestingPro’s detailed research reports, which cover over 1,400 US stocks including HBB.

In other recent news, Hamilton Beach Brands reported a 4% year-over-year increase in revenue for the first quarter of 2025, reaching $133.4 million. The company’s gross profit margin improved to 24.6% from 23.4% the previous year, and it turned a net profit of $1.8 million, reversing a net loss from the same period last year. Despite these positive results, Hamilton Beach has suspended its full-year guidance due to uncertainties related to tariffs. The company is actively working on mitigating the impact of these tariffs through price adjustments and supply chain diversification. E-commerce sales have grown, now accounting for 40% of U.S. consumer sales. Additionally, Hamilton Beach’s HealthBeacon business is expanding faster than expected, contributing $1.5 million in revenue for the quarter. The company remains optimistic about its strategic initiatives and market position despite the challenges posed by tariffs and macroeconomic pressures.

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