By Colin Kellaher
Nacco Industries' board has raised the mining company's quarterly dividend by 11%, to 25.25 cents from 22.75 cents.
The new payout, equal to $1.01 a year, represents an annual yield of 2.87% based on Wednesday's closing price of $35.20, up from 2.59%.
The Cleveland company on Thursday said the increased dividend is payable June 16 to shareholders of record May 30.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 15, 2025 06:40 ET (10:40 GMT)
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