NACCO Industries: Dividend Insights
Portfolio Pulse from Benzinga Insights
NACCO Industries (NYSE:NC) announced a quarterly dividend of 21.75 cents per share, payable on June 15, 2023. The stock will go ex-dividend on Tuesday, and investors must own shares by the end of Monday's session to be eligible for the payout.
May 25, 2023 | 2:53 pm
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NACCO Industries will pay a 21.75 cents per share dividend on June 15, 2023. The stock will go ex-dividend on Tuesday, and investors must own shares by Monday's close to be eligible.
The announcement of the dividend payout is important for investors who own or are considering owning NC shares. However, the short-term impact on the stock price is neutral, as the stock will likely open 21.75 cents lower on the ex-dividend date, reflecting the payout. This is a common occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100