By the end of today, September 15, 2023, NACCO Industries NC is set to deliver a dividend payout of $0.22 per share, equating to an annualized dividend yield of 2.73%. Shareholders who owned the stock prior to the ex-dividend date on September 01, 2023 will receive this payout.
NACCO Industries Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-01 | 4 | $0.22 | 2.73% | 2023-08-24 | 2023-09-05 | 2023-09-15 |
| 2023-05-30 | 4 | $0.22 | 2.74% | 2023-05-18 | 2023-05-31 | 2023-06-15 |
| 2023-03-06 | 4 | $0.21 | 2.18% | 2023-02-22 | 2023-03-07 | 2023-03-15 |
| 2022-11-29 | 4 | $0.21 | 1.61% | 2022-11-08 | 2022-11-30 | 2022-12-15 |
| 2022-08-30 | 4 | $0.21 | 1.75% | 2022-08-18 | 2022-08-31 | 2022-09-15 |
| 2022-05-27 | 4 | $0.21 | 1.57% | 2022-05-18 | 2022-05-31 | 2022-06-15 |
| 2022-03-04 | 4 | $0.2 | 2.72% | 2022-02-23 | 2022-03-07 | 2022-03-15 |
| 2021-11-29 | 4 | $0.2 | 2.4% | 2021-11-10 | 2021-11-30 | 2021-12-15 |
| 2021-08-30 | 4 | $0.2 | 2.88% | 2021-08-18 | 2021-08-31 | 2021-09-15 |
| 2021-05-28 | 4 | $0.19 | 3.12% | 2021-05-19 | 2021-06-01 | 2021-06-15 |
| 2021-03-05 | 4 | $0.19 | 3.02% | 2021-02-24 | 2021-03-08 | 2021-03-16 |
| 2020-11-27 | 4 | $0.19 | 3.16% | 2020-11-18 | 2020-11-30 | 2020-12-15 |
NACCO Industries's dividend yield falls in the middle range when compared to its industry peers, with Alliance Res Partners ARLP having the highest annualized dividend yield at 13.61%.
Analyzing NACCO Industries Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.74 to $0.82. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For NACCO Industries
From 2019 to 2022, NACCO Industries experienced a growth in earnings per share, with an increase from $6.33 to $9.81. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of NACCO Industries and its significance for shareholders. The company has decided to distribute a dividend of $0.22 per share today, which equates to an annualized dividend yield of 2.73%.
NACCO Industries's dividend yield falls in the middle range when compared to its industry peers, with Alliance Res Partners having the highest annualized dividend yield at 13.61%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, NACCO Industries appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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