NACCO Industries, Inc. (NYSE:NC) Increases Dividend to $0.26 Per Share

NACCO Industries, Inc. (NYSE:NC) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, June 1st will be given a dividend of 0.2625 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, June 1st. This is a 4.0% increase from NACCO Industries’s previous quarterly dividend of $0.25.

NACCO Industries has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

NACCO Industries Trading Up 4.6%

Shares of NYSE:NC traded up $2.26 during midday trading on Thursday, hitting $50.99. The company had a trading volume of 12,581 shares, compared to its average volume of 11,556. The firm has a fifty day simple moving average of $50.63 and a 200 day simple moving average of $49.78. NACCO Industries has a 12 month low of $34.74 and a 12 month high of $59.42. The stock has a market cap of $384.19 million, a price-to-earnings ratio of 17.77 and a beta of 0.43. The company has a current ratio of 3.30, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27.

NACCO Industries (NYSE:NC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 EPS for the quarter. The business had revenue of $62.78 million during the quarter. NACCO Industries had a net margin of 7.84% and a return on equity of 5.04%.

Insider Buying and Selling at NACCO Industries

In other NACCO Industries news, SVP Elizabeth Loveman sold 4,053 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $52.04, for a total transaction of $210,918.12. Following the completion of the sale, the senior vice president directly owned 16,661 shares in the company, valued at $867,038.44. This represents a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Thomas A. Maxwell sold 1,785 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $48.55, for a total transaction of $86,661.75. Following the sale, the senior vice president owned 5,944 shares in the company, valued at approximately $288,581.20. The trade was a 23.09% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,500 shares of company stock worth $383,073. Insiders own 44.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of NACCO Industries by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock worth $2,516,000 after buying an additional 604 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of NACCO Industries in the 4th quarter worth $236,000. Millennium Management LLC boosted its holdings in shares of NACCO Industries by 85.3% during the 4th quarter. Millennium Management LLC now owns 11,851 shares of the company’s stock valued at $581,000 after purchasing an additional 5,457 shares during the last quarter. AQR Capital Management LLC bought a new stake in NACCO Industries in the fourth quarter worth about $225,000. Finally, Kovack Advisors Inc. purchased a new position in NACCO Industries during the fourth quarter valued at approximately $204,000. 49.10% of the stock is currently owned by institutional investors and hedge funds.

About NACCO Industries

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.