Hamilton Beach Brands Holding Company Buyback
OLI recorded this information on 11/6/2019
Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company (NYSE: HBB) today announced that the Board of Directors declared a regular cash dividend of $0.09 per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 13, 2019 to stockholders of record at the close of business on November 29, 2019. The Board of Directors also approved a stock repurchase program providing for the purchase of up to $25 million of the Company's outstanding Class A Common Stock starting January 1, 2020 and running through December 31, 2021. The Company's previously authorized share buyback program was approved by the Board of Directors in May 2018 for the purchase of up to $25 million of the Company's outstanding Class A common stock through December 31, 2019. Under that program, the Company has repurchased a total of 364,893 shares for a total aggregate purchase price of $6 million.
Hamilton Beach Brands Holding is a holding company. Through its wholly-owned subsidiary, Hamilton Beach Brands, Inc. (NYSE:HBB), Co. designs, markets and distributes a range of branded, small electric household and other housewares appliances, including, air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters and toaster ovens. HBB also designs, markets and distributes commercial products for restaurants, fast food chains, bars and hotels. HBB also participates in the other market with its owned brands Hamilton Beach® Professional and Weston® farm-to-table and field-to-table food processing equipment.
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Hold (2.00 out of 4)