Published on 27 Feb 2024 on Simply Wall St. via Yahoo Finance

Two Days Left To Buy NACCO Industries, Inc. (NYSE:NC) Before The Ex-Dividend Date

NACCO Industries, Inc. (NYSE:NC) is about to trade ex-dividend in the next two days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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 1st of March in order to receive the dividend, which the company will pay on the 15th of March.

The company's next dividend payment will be US$0.2175 per share. Last year, in total, the company distributed US$0.87 to shareholders. Calculating the last year's worth of payments shows that NACCO Industries has a trailing yield of 2.6% on the current share price of US$33.16. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether NACCO Industries can afford its dividend, and if the dividend could grow.

View our latest analysis for NACCO Industries