By Connor Hart
Hamilton Beach Brands increased its quarterly dividend by half a cent, to 12 cents a share.
The new payout, equal to 48 cents a share, represents an annual yield of about 3.3% based on Friday's closing price of $14.51.
The Glenn Allen, Va.-based household appliance maker said the higher dividend will be paid June 12 to shareholders of record as of May 30.
Hamilton Beach last raised its dividend a year ago, when it lifted its payout to 11.5 cents from 11 cents.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 09, 2025 16:45 ET (20:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.