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GLEN ALLEN, Va. - Hamilton Beach Brands Holding Company (NYSE: HBB), a prominent provider of household and commercial appliances, announced today that its Board of Directors has approved a regular cash dividend. The dividend, set at $0.115 per share, will be distributed to holders of both Class A and Class B Common Stock on March 14, 2025. Stockholders on record by the close of business on March 3, 2025, will be eligible for the dividend payout. According to InvestingPro data, the company has maintained dividend payments for 8 consecutive years, with a current yield of 2.78%. The company’s strong free cash flow yield of 23% suggests sustainable dividend coverage.
The company is known for its diverse portfolio of appliances and commercial products aimed at the restaurant and hospitality sectors, as well as connected devices for healthcare management. Its consumer brand lineup includes Hamilton Beach®, Proctor Silex®, and TrueAir®, while its commercial brands feature Hamilton Beach Commercial® and Proctor Silex Commercial®. Additionally, Hamilton Beach holds licensing agreements for CHI® garment care products and Brita Hub™ countertop water filtration appliances, and has exclusive distribution rights for Bartesian® cocktail makers and Numilk® plant-based milk makers. Trading at a P/E ratio of 8.88, InvestingPro analysis indicates the stock is currently undervalued, despite a challenging six-month period that saw a 38.88% decline in share price.
Hamilton Beach’s recent expansion into the healthcare market is underscored by its subsidiary, Hamilton Beach Health, which acquired medical technology firm HealthBeacon in 2024. HealthBeacon has been a strategic partner since 2021 and is recognized for its innovative connected devices.
This dividend declaration reflects Hamilton Beach Brands Holding Company’s ongoing commitment to providing value to its stockholders. The information provided in this announcement is based on a press release statement from the company.
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