Hyster-Yale Increases Cash Dividend for Shareholders
Key Ideas
- Hyster-Yale, Inc. (NYSE: HY) raises its regular cash dividend from 35 to 36 cents per share, benefiting both Class A and Class B Common Stock shareholders.
- The company, based in Cleveland, Ohio, offers a wide range of lift trucks and solutions, including hydrogen fuel cell power products, to cater to specific materials handling requirements.
- Hyster-Yale's vision focuses on understanding customer needs, providing cost-effective solutions, and offering exceptional customer care to enhance value throughout the product lifecycle.
- The company's subsidiaries, including Bolzoni S.p.A. and Nuvera Fuel Cells, LLC, contribute to its global presence in the lift truck manufacturing and alternative-power technology sectors.
Hyster-Yale, Inc., a global company headquartered in Cleveland, Ohio, has announced an increase in its regular cash dividend for shareholders. The dividend, raised from 35 to 36 cents per share, will be payable on both Class A and Class B Common Stock on June 13, 2025. Hyster-Yale offers a comprehensive range of lift trucks and solutions that cater to specific materials handling needs, including hydrogen fuel cell power products. The company focuses on understanding customer applications to provide cost-effective solutions that enhance productivity at the lowest cost of ownership. Additionally, Hyster-Yale emphasizes exceptional customer care to deliver increasing value from initial engagement through the product lifecycle. The company's wholly owned operating subsidiary, Hyster-Yale Materials Handling, Inc., manufactures and services a broad line of lift trucks, attachments, and aftermarket parts under the Hyster® and Yale® brand names. Subsidiaries like Bolzoni S.p.A. and Nuvera Fuel Cells, LLC, play a vital role in Hyster-Yale's global market presence. Bolzoni S.p.A. is a leading producer of attachments, forks, and lift tables, while Nuvera Fuel Cells, LLC, focuses on alternative-power technology, particularly fuel cell stacks and engines. With an unconsolidated joint venture in Japan (Sumitomo NACCO), Hyster-Yale continues to expand its reach in the lift truck manufacturing and alternative-power technology sectors.