Hamilton Beach Brands Holding Company Buyback
OLI recorded this information on 11/9/2023
Company:
Hamilton Beach Brands Holding Company
Buyback:
HBB buyback
$Amount Authorized:
$25,000,000
Buyback Details:
Hamilton Beach Brands Holding Company (NYSE: HBB) today announced that the Board of Directors declared a regular cash dividend of $0.11 per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid December 15, 2023, to stockholders of record at the close of business on December 1, 2023. 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 effective January 1, 2024 and running through December 31, 2025. The Company's previously authorized share buyback program was approved by the Board of Directors on February 22, 2022 for the purchase of up to $25 million of the Company's outstanding Class A common stock through December 31, 2023. Under the Company's previously authorized share buyback program, through September 30, 2023 the Company has repurchased a total of 400,698 shares for a total aggregate purchase price of $4.5 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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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: HBB Stock Forecast Based on Zacks ABR data; powered by Xignite |
