GLEN
ALLEN, Va., May 10, 2024
/PRNewswire/ -- The Board of Directors of Hamilton Beach Brands
Holding Company (NYSE: HBB) has approved a 4.5% increase in the
Company's regular quarterly cash dividend, raising the quarterly
amount from $0.11 per share to
$0.115 per share.
The dividend is payable on both the Class A and Class B Common
Stock and will be paid June 14, 2024,
to stockholders of record at the close of business on May 31, 2024.
About Hamilton Beach Brands Holding Company
Hamilton
Beach Brands Holding Company operates through its wholly owned
subsidiary Hamilton Beach Brands, Inc., a leading designer,
marketer, and distributor of a wide range of branded small electric
household and specialty housewares appliances, as well as
commercial products for restaurants, fast food chains, bars, and
hotels. The Company's owned consumer brands include Hamilton
Beach®, Proctor Silex®, Hamilton Beach
Professional®, Weston®, and
TrueAir®. The Company's owned commercial brands include
Hamilton Beach Commercial® and Proctor Silex
Commercial®. The Company licenses the brands for Wolf
Gourmet® countertop appliances, CHI® premium
garment care products, Clorox™ True HEPA air purifiers, and Brita
Hub™ countertop electric water filtration appliances. The Company
has exclusive multiyear agreements to design, sell, market, and
distribute Bartesian® cocktail makers and
Numilk® plant-based milk makers. The Company's Hamilton
Beach Health subsidiary is focused on expanding the Company's
participation in the home health market. In February 2024, Hamilton Beach Health acquired
HealthBeacon, a medical technology firm and strategic partner of
the Company since 2021. HealthBeacon develops connected devices
that enable patients to manage at home chronic conditions that
require the use of injectable medications, and it provides other
health services. For more information about Hamilton Beach Brands
Holding Company, visit hamiltonbeachbrands.com.
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SOURCE Hamilton Beach Brands Holding Company
