NACCO Industries (NC) said late Tuesday its board approved a new share repurchase program under which the company may buy back up to $20 million of class A shares through Dec. 31, 2027.
The new program replaces the previous repurchase plan, under which the company repurchased over $12 million in shares.
Additionally, the company kept its quarterly dividend at $0.2525 per share, payable Dec. 15 to shareholders of record on Dec. 1.
Shares of NACCO Industries were up 2% in after-hours trading.
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