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Today, NACCO Industries Inc . (NYSE:NC), a company with a market capitalization of $267 million and currently trading near InvestingPro’s Fair Value estimate, announced the resignation of Lori Robinson from its Board of Directors, effective immediately. This announcement was made in a recent 8-K filing with the Securities and Exchange Commission. According to the filing, Robinson’s departure is not due to any disagreement with the company regarding its operations, policies, or practices.
NACCO Industries, headquartered in Cleveland, Ohio, is involved in the bituminous coal and lignite surface mining industry. The company, which has maintained dividend payments for 55 consecutive years and achieved a 22% YTD return, is incorporated in Delaware and trades on the New York Stock Exchange under the ticker symbol NC. With a "FAIR" overall financial health score and strong dividend growth of 16% in the last twelve months, NACCO continues to demonstrate resilience in its sector.
The resignation was officially reported in the filing dated May 27, 2025, and signed by Elizabeth I. Loveman, Senior Vice President and Controller of NACCO Industries. The filing did not specify a replacement for Robinson on the board.
This report is based on an official press release statement filed with the SEC.
In other recent news, NACCO Industries reported robust earnings for Q1 2025, with an earnings per share of $0.66, meeting analysts’ expectations, and revenue reaching $65.57 million. The company’s Coal Mining segment showed significant growth, reversing previous losses and contributing to an operating profit of $3.8 million. Keefe, Bruyette & Woods maintained an Outperform rating for NACCO Industries, setting a price target of $2,300, highlighting the company’s long-term strategy and alignment with shareholder interests. The firm pointed out the potential upside from Silicon Valley Bank operations and ongoing share buybacks, projecting a 20% reduction in share count by the end of 2026.
Additionally, NACCO Industries announced an 11% increase in its quarterly cash dividend, raising it to 25.25 cents per share. This marks the seventh consecutive annual dividend increase since 2017. CEO J.C. Butler emphasized the company’s strategic initiatives and the potential for leveraging existing land assets for energy projects, including solar and lithium. The company anticipates moderate improvements in consolidated operating profit for 2025, driven by advancements in both the Coal Mining and North American Mining segments. The dividend increase and strategic initiatives reflect NACCO’s commitment to enhancing shareholder value.
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