Published on 28 Aug 2023 on Simply Wall St. via Yahoo Finance
NACCO Industries, Inc. (NYSE:NC) Stock Goes Ex-Dividend In Just Three Days
NACCO Industries, Inc. (NYSE:NC) stock is about to trade ex-dividend in three days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase NACCO Industries' shares before the 1st of September in order to be eligible for the dividend, which will be paid on the 15th of September.
The company's next dividend payment will be US$0.22 per share, and in the last 12 months, the company paid a total of US$0.87 per share. Looking at the last 12 months of distributions, NACCO Industries has a trailing yield of approximately 2.7% on its current stock price of $32.58. 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! So we need to investigate whether NACCO Industries can afford its dividend, and if the dividend could grow.
Check out our latest analysis for NACCO Industries