NACCO Industries Raises Quarterly Dividend 4% to $0.2625 Per Share
NACCO Industries declared a quarterly cash dividend of $0.2625 per share, a 4% increase from $0.2525, payable June 15 to shareholders of record on June 1, 2026. The new annualized rate of $1.05 per share extends the company’s dividend growth streak dating back to 1956 (excluding 2012 and 2017 resets).
1. Dividend Increase Details
The Board of Directors approved a regular quarterly cash dividend of $0.2625 per share, up 4% from the prior $0.2525 rate. This dividend on both Class A and B common stock is payable June 15, 2026 to holders of record as of June 1, 2026.
2. Historical Growth
NACCO Industries has raised its dividend every year since 1956, with only two resets in 2012 and 2017 tied to strategic spinoffs. The new annualized dividend rate of $1.05 per share underscores over six decades of steady return growth.
3. CEO Commentary
President and CEO J.C. Butler highlighted that the increase reflects confidence in the company’s trajectory, disciplined capital allocation and commitment to returning cash to shareholders while investing in long-term growth initiatives.