| 10. |
Does
NACCO pay a dividend? If so, when are such dividends
paid? |
| |
Yes.
NACCO has paid quarterly dividends to its shareholders
and has increased its dividend to shareholders every
year since its inception in 1986. The compound annual
growth rate for the dividend from 1990 through 2007
was 7.1%.
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. |