Hyster-Yale announces quarterly dividend of 35 cents

CLEVELAND - Hyster-Yale, Inc. (NYSE: HY), a global lift truck and materials handling equipment manufacturer, has declared a regular quarterly cash dividend of 35 cents per share, to be distributed on March 14, 2025, to shareholders of record as of February 28, 2025. This dividend applies to both Class A and Class B Common Stock. According to InvestingPro data, the company offers a 2.66% dividend yield and has maintained dividend payments for 13 consecutive years. Trading at a P/E ratio of 5.65, the stock currently appears undervalued based on InvestingPro’s Fair Value analysis.

The company, with its headquarters in Cleveland, Ohio, is known for providing a wide range of lift trucks and solutions, including attachments and hydrogen fuel cell power products. Hyster-Yale aims to meet the specific needs of its customers with a commitment to improving productivity at the lowest ownership costs and delivering exceptional customer care throughout the product lifecycle. The company’s financial health score is rated as "GREAT" by InvestingPro, with revenue growing at 4.7% over the last twelve months.

Hyster-Yale Materials Handling (NYSE:HY), Inc., a wholly-owned subsidiary of Hyster-Yale, Inc., is responsible for the design, engineering, manufacturing, sales, and service of a comprehensive line of lift trucks, attachments, and aftermarket parts. These products are marketed globally, predominantly under the Hyster® and Yale® brand names. With over 6 additional InvestingPro Tips available and comprehensive analysis in the Pro Research Report, investors can gain deeper insights into the company’s performance and potential. Learn more at InvestingPro.

Additionally, Hyster-Yale’s portfolio includes Bolzoni S.p.A., a prominent producer of attachments, forks, and lift tables marketed under the Bolzoni®, Auramo®, and Meyer® brands. Nuvera Fuel Cells, LLC, a subsidiary focused on fuel cell stacks and engines, and an unconsolidated joint venture in Japan (Sumitomo NACCO), also form part of the company’s operations.

This financial update is based on a press release statement from Hyster-Yale, Inc. The company’s complete line of products and services, as well as further information about Hyster-Yale and its subsidiaries, are available on the company’s website.

In other recent news, Hyster-Yale has announced modifications to its executive salary structure and the addition of a new board member. The company’s executive compensation adjustments were disclosed in a recent SEC filing, revealing a salary increase for Anthony Salgado, the soon-to-be CEO of Hyster-Yale Materials Handling. Alfred M. Rankin, Jr., the Executive Chairman of the Board, will experience a slight decrease in his base salary, with other compensation elements remaining unchanged. These changes are part of Hyster-Yale’s long-term succession planning and are aimed at aligning executive pay with the company’s performance and future objectives.

In addition to the compensation adjustments, Hyster-Yale has expanded its Board of Directors, appointing Ann O’Hara as its newest member. O’Hara, who has been leading Huhtamaki OYJ’s North America segment since 2020, brings considerable experience to the board. Her appointment is effective immediately, and she will serve on the Audit Review Committee and the Planning Advisory Committee. This strategic move underscores Hyster-Yale’s commitment to leadership diversity and expertise. These are the latest developments in Hyster-Yale’s ongoing efforts to strengthen its governance and oversight capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.