/PRNewswire/ Hamilton Beach Brands Holding Company (NYSE: HBB) announced today that Gregory H. Trepp, president and chief executive officer; Michelle O..
Hamilton Beach Brands Holding Company Increases Dividend By 5%
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GLEN ALLEN, Va., May 19, 2021 /PRNewswire/ The Board of Directors of Hamilton Beach Brands Holding Company (NYSE: HBB) has approved a 5% increase in the Company s regular quarterly cash dividend, raising the quarterly amount from $0.095 per share to $0.10 per share.
The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2021 to stockholders of record at the close of business on June 1, 2021.
About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company is a holding company for 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 consumer brands include Hamilton Beach
Hamilton Beach Brands Holding Company Announces First Quarter 2021 Results
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Highlights
Revenue increased 23.5% to $149.2 million, driven by continued strong consumer demand for small kitchen appliances across the Company s core North American market
Operating profit increased to $5.3 million compared to $0.5 million
Net income from continuing operations increased to $2.9 million, or $0.21 per diluted share, compared to a net loss from continuing operations of $1.4 million, or $0.10 per diluted share
Strong consumer demand in the North American market is expected to continue
Hamilton Beach Brands Holding Company (NYSE: HBB) today announced results for the first quarter of 2021.
First Quarter 2021 Compared to First Quarter 2020
/PRNewswire/ Hamilton Beach Brands Holding Company (NYSE: HBB) today announced that it will release 2021 First Quarter financial results and file its First.
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ResearchAndMarkets.com s offering.
The North America Commercial Food Dehydrators Market is expected to witness market growth of 7.7% CAGR during the forecast period (2020-2026).
About one-third of the total food produced across the globe are thrown away due to non-consumption. The government and various organizations are taking initiatives to create awareness among people to minimize the food wastages. The dehydrators are used to preserve unconsumed food and distribute it in the areas suffering from natural disasters or crisis. These appliances are also used by restaurant owners to prevent spoiling of unused eatables.
The demand for processed eatables is also increased by the rapid population growth and increasing disposable income. This will contribute to the growth of the market for commercial food dehydrators over the forecast period. This demand is increased by various campaigns regarding wastage of eatables.