Hyster-Yale Increases Dividend to Shareholders in Announcement
Hyster-Yale Declares Increased Quarterly Dividend
Hyster-Yale, Inc. (NYSE: HY) recently revealed that its Board of Directors has approved a rise in the regular cash dividend from 35 cents to 36 cents per share. This increase reflects the company’s commitment to providing value to its shareholders.
Details of the Dividend Payment
The increased dividend will be applicable to both Class A and Class B Common Stock. Stockholders of record, as of the market close on a specified date, will be entitled to receive this enhanced payment, emphasizing Hyster-Yale’s focus on rewarding investor trust.
About Hyster-Yale, Inc.
Hyster-Yale, Inc., with operational headquarters in a dynamic urban environment, offers a comprehensive range of lift trucks and innovative solutions. These include specialized attachments and hydrogen fuel cell power products tailored to meet unique materials handling requirements for customers. The company's vision revolves around transforming logistics from 'Port to Home' while delivering on proactive solutions that boost productivity while keeping costs in check.
Company Operations and Products
Under its wholly owned subsidiary, Hyster-Yale Materials Handling, Inc., the company designs, engineers, and manufactures a vast array of lift trucks and aftermarket parts. These products are marketed globally under the well-known Hyster and Yale brand names. Hyster-Yale continues to innovate with its diverse subsidiaries, including Bolzoni S.p.A., which specializes in material handling attachments, and Nuvera Fuel Cells, LLC, recognized for its efforts in alternative power technology.
Commitment to Customer Care
Hyster-Yale remains dedicated to understanding customer needs deeply. The company focuses on optimizing solutions to enhance productivity, ensuring that clients receive exceptional support from the initial interaction throughout the product lifecycle. This commitment not only fosters loyalty but also creates mutual growth between the company and its clientele.
Diverse Subsidiaries and Innovations
The company’s subsidiaries play a vital role in its success. They include various brands that provide specialized attachments and components for lift trucks. Additionally, Hyster-Yale has a collaborative joint venture in Japan aimed at expanding its market and technological reach, enhancing its overall service offerings.
Frequently Asked Questions
What is the new dividend amount declared by Hyster-Yale?
The Board of Directors has increased the cash dividend from 35 cents to 36 cents per share.
When is the new dividend payable?
The dividend payment details specify that it will be distributed on a predetermined date, with stockholders of record needing to be accounted for at the close of business beforehand.
What products does Hyster-Yale offer?
Hyster-Yale provides a broad range of lift trucks, specialized attachments, and innovative energy solutions, including hydrogen fuel cells.
Who operates Hyster-Yale’s manufacturing?
The company's manufacturing and service operations are primarily conducted through Hyster-Yale Materials Handling, Inc.
How does Hyster-Yale support its customers?
Hyster-Yale prioritizes customer care by understanding their specific needs and delivering optimal solutions to improve efficiency throughout the product lifecycle.
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