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CLEVELAND - NACCO Industries (NYSE: NC) has declared an 11% increase in its quarterly cash dividend, setting the new rate at 25.25 cents per share, up from the previous 22.75 cents. This announcement marks the company’s seventh consecutive annual dividend rise since the 2017 spin-off of Hamilton Beach Brands Holding Company. The current dividend yield stands at 2.59%, with the company maintaining dividend payments for 55 consecutive years, according to InvestingPro data. The dividend, applicable to both Class A and Class B Common Stock, will be disbursed on June 16, 2025, to shareholders on record as of May 30, 2025.
The enhanced dividend reflects an annual rate of $1.01 per share, a 10-cent jump from the earlier rate of $0.91 per share. NACCO’s commitment to regular quarterly cash dividends dates back to 1956, showcasing a long-standing practice of providing shareholder value. Trading near its Fair Value based on InvestingPro analysis, the company maintains strong liquidity with a current ratio of 3.42 and operates with a moderate debt-to-equity ratio of 0.26.
J.C. Butler, President and CEO of NACCO Industries, expressed confidence in the company’s long-term prospects, citing disciplined capital management and a strategic position within key sectors of the American economy. The company’s financial performance supports this outlook, with a revenue growth of 14.7% in the last twelve months and a P/E ratio of 7.27, indicating attractive valuation metrics. For deeper insights into NACCO’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports. He anticipates that 2025 will be a transformative year for NACCO, with its businesses benefiting from multi-year projects, favorable market trends, and profits.
NACCO Industries specializes in bringing natural resources to life, offering a range of services including aggregates, minerals, fuels, and environmental solutions. More information about the company and its investor relations can be found on its website.
This news release includes forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that may influence NACCO’s performance include changes in customer contracts, regulatory actions affecting fossil fuels, shifts in coal consumption, supply chain disruptions, and other market dynamics.
The company cautions against undue reliance on these forward-looking statements, which are valid as of the release date. NACCO does not commit to publicly updating these statements in light of new information or future events. The information in this article is based on a press release statement from NACCO Industries.
In other recent news, NACCO Industries Inc. reported its Q1 2025 earnings, revealing strong performance driven by its Coal Mining segment. The company achieved an earnings per share (EPS) of $0.66, which met analysts’ expectations, and recorded revenue of $65.57 million, marking a significant increase from the previous year. NACCO’s Coal Mining segment reported an operating profit of $3.8 million, a notable improvement from the previous year’s loss. The company also highlighted advancements in renewable energy projects, including solar and lithium, as part of its strategic shift towards sustainable energy solutions. Furthermore, NACCO anticipates a moderate year-over-year increase in consolidated operating profit, with improvements expected in its Coal Mining and North American Mining segments. The Minerals Management operations are projected to see significant enhancements in the latter half of 2025. Additionally, the company is actively involved in the Thacker Pass lithium project in Northern Nevada, where Lithium Americas and General Motors have announced their final investment decision for the construction of phase one. NACCO’s strategic initiatives and regulatory tailwinds have been positively received by investors, as reflected in the company’s recent stock performance.
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