Frequently Asked Questions
What is the CUSIP Number for NACCO Industries, Inc. Class A Common Stock?
Our CUSIP Number is 629579103
What is the difference between NACCO Class A and Class B stock?
NACCO Class A Common Stock is publicly traded on the New York Stock Exchange under the ticker symbol NC. Each share of Class A Common Stock is entitled to one vote for each matter properly brought before the stockholders.
NACCO Class B Common Stock is not publicly traded. Each share of Class B Common Stock is entitled to ten votes for each matter properly brought before shareholders and can be converted into one Class A share with any required consent. Class A and Class B Common Stock are equal in respect of rights to dividends and any other distributions in cash, stock or property of the Company.
The Company’s Restated Certificate of Incorporation includes a full description and terms of NACCO’s Class A Common Stock, par value $1.00 per share, and NACCO’s Class B Common Stock, par value $1.00 per share, and controls the rights and obligations associated with such stock.
How can Class B shares be sold, transferred or converted to Class A shares?
Class B shares are restricted shares that are not traded in public markets and must be converted from Class B into Class A prior to sale or have economic value. The conversion ratio is one for one.
All Class B positions are held in certificated form. If you hold your shares through a broker, the broker’s Corporate Actions group will hold a global certificate that encompasses all shares held by the broker, including yours. To convert your B shares, make a request to your broker to convert. The certificate held by the broker has to be presented to our transfer agent, Computershare, along with the written request for conversion. After obtaining Company consent, Computershare will convert your portion of the B share certificate and return a new certificate to the broker’s Corporate Actions group in the amount of that broker’s remaining B shares. Your new A shares will become electronic shares and you will not receive a certificate for such shares. If you hold your Class B shares directly, rather than through a broker, the process is the same, except you need to present the certificates and the written request directly to Computershare.
Please contact Computershare at 1-800-622-6757 (US, Canada, Puerto Rico), or 1-781-575-4735 (non-US), or via email at Web.email@example.com, for answers to any specific Class B share questions.
Does NACCO pay a dividend? If so, when are such dividends paid?
Yes. NACCO and its predecessor companies have paid quarterly cash dividends to stockholders since 1956. In 1986, NACCO was formed as the publicly traded holding company for its various businesses. From 1986 to 2012, NACCO increased its dividend every year. In 2012 and 2017, NACCO spun off subsidiary companies and simultaneously adjusted its dividend levels with each spin to reflect the size and cash flow prospects of the ongoing business. 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.
Historically, dividends have been paid 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 dividends in the future or that the Company will pay dividends on or around the aforementioned dates. 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, among other factors.
Does NACCO Industries, Inc. have a dividend reinvestment program?
How do I get information on how many shares I own, or whether my 1099 has been sent to me?
For account information, or to change your address, please contact our transfer agent, Computershare, Inc. at 1-800-622-6757 (US, Canada, Puerto Rico), or 1-781-575-4735 (non-US), or via email at Web.firstname.lastname@example.org.
Where can I find information about the tax basis of my shares post-spinoffs?
Please click on the following link for information regarding the tax basis of your NACCO shares. Click here.