Yes. NACCO has paid quarterly dividends to its shareholders and increased its dividend to shareholders every year through 2012. The compound annual growth rate for the dividend from 1990 through 2012 was 10.2%. On September 28, 2012, NACCO spun off one of its businesses as a separate public company and adjusted its dividend accordingly to establish a new dividend level for the ongoing business. In 2015, NACCO increased its dividend by 2%.
In the past, dividends have had payable dates occurring on or around March 15, June 15, September 15 and December 15 each year. However, there can be no assurance that the company will continue to pay quarterly dividends in the future. Quarterly dividend payments are made at the discretion of the Board of Directors, and are dependent on NACCO’s earnings, cash flow, capital requirements and financial condition.
For the history of cash dividends paid on the Company’s Class A Common Stock and Class B Common Stock, please refer to the Company’s Dividend History.