CLEVELAND - Hyster-Yale Materials Handling, Inc. (NYSE: NYSE:HY), a leading company in the materials handling industry, declared a regular cash dividend for its shareholders today. The Board of Directors has announced a dividend of 32.5 cents per share on both the Class A and Class B Common Stock, payable on March 15, 2024, to stockholders of record as of the close of business on March 1, 2024.
The Cleveland-based corporation is recognized for its comprehensive range of lift trucks and materials handling solutions that cater to a variety of customer needs. Hyster-Yale's commitment to delivering productivity and customer care is evident in its approach to understanding customer applications and providing solutions that aim to enhance productivity while minimizing the total cost of ownership. The company's focus extends beyond sales, emphasizing ongoing value through customer service throughout the product lifecycle.
Hyster-Yale operates through its wholly owned subsidiary, Hyster-Yale Group, Inc., which is responsible for the design, engineering, manufacturing, sale, and service of a broad line of lift trucks and aftermarket parts. These products are marketed globally under the well-known Hyster® and Yale® brand names.
Additionally, Hyster-Yale owns subsidiaries such as Bolzoni S.p.A., a prominent producer of attachments, forks, and lift tables, and Nuvera Fuel Cells, LLC, which specializes in alternative-power technologies like fuel cell stacks and engines.
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