Hyster-Yale Materials Handling, Inc. Buyback
OLI recorded this information on 12/7/2012
Company:
Hyster-Yale Materials Handling, Inc.
Buyback:
HY buyback
$Amount Authorized:
$50,000,000
Buyback Details:
Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a one-time special cash dividend of $2.00 per share, and authorized a stock repurchase program for up to a total of $50 million of shares of the Company's Class A Common Stock.
Hyster-Yale Materials Handling, through its subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts, mainly to independent Hyster® and Yale® retail dealerships. Co. owns interest in Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd., which is a Chinese manufacturer of lift trucks and material handling equipment. Co. operates Bolzoni S.p.A., which is a producer and distributor of a range of attachments, forks and lift tables. Co. operates Nuvera Fuel Cells, LLC, which is an alternative-power technology company focused on the design, manufacture and sale of hydrogen fuel-cell stacks and engines.
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Strong Buy (4.00 out of 4) 89th percentile
(ranked higher than approx. 89% of all stocks covered)
Analysts' Target Price: HY Stock Forecast Based on Zacks ABR data; powered by Xignite |