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NACCO Industries Declares Quarterly Dividend

05/14/2003

MAYFIELD HEIGHTS, Ohio, May 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- NACCO Industries, Inc. (NYSE: NC) today announced that the Board of Directors increased its regular quarterly cash dividend from 24-1/2 cents to 25-1/2 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 16, 2003 to stockholders of record at the close of business on June 2, 2003. The new dividend is equal to an annual rate of $1.02 per share.

SOURCE NACCO Industries, Inc.

Ira I Gamm, Manager - Investor Relations of NACCO Industries,
Inc., +1-440-449-9676
http://www.nacco.com
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The summary data (including definitions) presented is provided by Q4's partner Virtua a supplier of financial information to the financial community. NACCO Industries, Inc. neither represents nor warrants that the data accumulated and published by Virtua is accurate.

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