NC News & Events

Nacco Industries announced a planned transition to its board of directors leadership. Chairman of the board, Alfred Rankin, stepped down from the role, effective May 15. He will continue to serve as a member of the board. The board has appointed John Jumper, a long-standing director who has served on the board since 2012, as the new chairman. In addition, the board has appointed Matthew Rankin, who has served on the board since 2017, as vice chair.

Nacco Industries announced that its board of directors declared a regular quarterly cash dividend of 26.25c per share, which represents a 4% increase compared to the prior quarterly dividend rate of 25.25c per share. The dividend is payable on both the Class A and Class B common stock, and will be paid June 15 to stockholders of record at the close of business on June 1. The new dividend is equal to an annual rate of $1.05 per share.

Nacco Industries announced the dual listing of its Class A common stock on NYSE Texas, the newly launched fully electronic equities exchange, effective December 11. Nacco will maintain its primary listing on the New York Stock Exchange and will trade on NYSE Texas with the same (NC) ticker symbol.

Naccio's Board of Directors approved a stock repurchase program under which NACCO may repurchase up to $20M of the Company's outstanding Class A Common Stock through December 31, 2027. This program replaces the Company's previous repurchase program, which would have expired on December 31. "We completed over $12 million of share repurchases under our previous program and we are pleased to announce the authorization of a new program," said J.C. Butler, President and CEO.