PR Newswire | May 12, 2021 04:45PM EDT

05/12 15:45 CDT

Hyster-Yale Materials Handling Declares Quarterly Dividend CLEVELAND, May 12, 2021

CLEVELAND, May 12, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 31.75 cents to 32.25 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2021 to stockholders of record at the close of business on June 1, 2021. The new dividend is equal to an annual rate of $1.29 per share.

About Hyster-Yale Materials Handling, Inc.Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers' applications. The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster(r) and Yale(r) brand names. Subsidiaries of Hyster-Yale include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni(r), Auramo(r) and Meyer(r) brand names. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.

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SOURCE Hyster-Yale Materials Handling, Inc.