NACCO Industries, Inc. (NC) To Go Ex-Dividend on August 31st

NACCO Industries, Inc. (NYSE:NC) announced a quarterly dividend on Thursday, August 20th. Investors of record on Monday, August 31st will be given a dividend of 0.2625 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 31st.

NACCO Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years.

NACCO Industries Stock Down 0.3%

NC stock opened at $41.02 on Friday. The firm has a market cap of $309.70 million, a PE ratio of 17.83 and a beta of 0.45. NACCO Industries has a 12 month low of $36.38 and a 12 month high of $59.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.30 and a quick ratio of 2.33. The firm has a 50 day simple moving average of $46.99 and a 200 day simple moving average of $50.13.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.The business had revenue of $72.31 million during the quarter.

Hedge Funds Weigh In On NACCO Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of NACCO Industries in the 2nd quarter valued at about $2,798,000. Saber Capital Managment LLC acquired a new stake in shares of NACCO Industries during the fourth quarter worth approximately $1,121,000. Russell Investments Group Ltd. boosted its holdings in shares of NACCO Industries by 943.2% during the fourth quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company’s stock worth $1,044,000 after purchasing an additional 19,241 shares during the period. Strs Ohio purchased a new position in NACCO Industries during the fourth quarter valued at approximately $505,000. Finally, Goldman Sachs Group Inc. purchased a new stake in NACCO Industries in the 4th quarter worth approximately $454,000. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

About NACCO Industries

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.