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CLEVELAND - Hyster-Yale, Inc. (NYSE: HY), a leading company in the materials handling industry, has announced an increase in its regular cash dividend. The dividend has been raised from 35 cents to 36 cents per share for both Class A and Class B Common Stock, marking its 11th consecutive year of dividend increases. The new dividend represents a 3.31% yield at current prices. This increment will be applicable for the dividend payable on June 13, 2025, to shareholders who are on record as of the close of business on May 30, 2025. According to InvestingPro, the company has maintained consistent dividend payments for 14 consecutive years, with several more dividend-related insights available to subscribers.
The company, which is headquartered in Cleveland, Ohio, operates on a global scale providing a comprehensive range of lift trucks and material handling solutions, generating over $4.1 billion in revenue over the last twelve months. Hyster-Yale’s product offerings include a variety of attachments and hydrogen fuel cell power products. The company focuses on understanding customer needs to enhance productivity and minimize ownership costs while also prioritizing exceptional customer service throughout the product lifecycle. InvestingPro analysis indicates the company maintains a strong financial health score, suggesting robust operational efficiency.
Hyster-Yale Materials Handling, Inc., a wholly owned subsidiary of Hyster-Yale, Inc., is responsible for designing, engineering, manufacturing, selling, and servicing the company’s wide array of lift trucks and aftermarket parts. These products are marketed globally under the well-known Hyster® and Yale® brand names.
The company’s portfolio also includes Bolzoni S.p.A., a prominent producer of attachments, forks, and lift tables, as well as Nuvera Fuel Cells, LLC, a company specializing in fuel cell stacks and engines for alternative-power technologies. Additionally, Hyster-Yale maintains a joint venture in Japan with Sumitomo NACCO.
The dividend increase is a reflection of Hyster-Yale’s commitment to delivering shareholder value and is based on a press release statement from the company. Shareholders and investors can view further details about Hyster-Yale and its subsidiaries on the company’s website.
In other recent news, Hyster-Yale Materials Handling Inc. reported its first-quarter 2025 earnings, revealing a significant shortfall in both earnings per share (EPS) and revenue compared to forecasts. The company announced an EPS of $0.49, which fell short of the anticipated $1.66, while revenue came in at $910.4 million, missing the forecast of $989.8 million. This performance marks a challenging start to the year, with lift truck revenues declining by 14% year-over-year. In light of these results, Hyster-Yale’s stock experienced a decline in after-hours trading, reflecting investor concerns.
The company has also announced a strategic realignment related to its Nuvera business, focusing on lithium-ion battery modules and modular hybrid platforms to enhance profitability. Analyst firms have not issued any upgrades or downgrades following the earnings release, but the financial outlook for 2025 suggests that full-year revenues might slightly exceed Q1 annualized levels, with operating profit expected to be below 2024 levels. Hyster-Yale aims to achieve a 7% operating profit margin across the business cycle, despite the current economic uncertainties. The company is also focusing on inventory management, having reduced inventory levels by nearly $70 million in the first quarter.
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