Published on 24 Nov 2023 on Simply Wall St. via Yahoo Finance

NACCO Industries, Inc. (NYSE:NC) Goes Ex-Dividend Soon

It looks like NACCO Industries, Inc. (NYSE:NC) is about to go ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase NACCO Industries' shares before the 29th of November in order to receive the dividend, which the company will pay on the 15th of December.

The company's next dividend payment will be US$0.22 per share. Last year, in total, the company distributed US$0.87 to shareholders. Looking at the last 12 months of distributions, NACCO Industries has a trailing yield of approximately 2.5% on its current stock price of $34.64. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for NACCO Industries