Latest news with #J.C.Butler
Yahoo
23-05-2025
- Business
- Yahoo
Here is Why NACCO Industries (NC) Gained This Week
The share price of NACCO Industries, Inc. (NYSE:NC) surged by 4.57% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Aerial view of an opencast coal mine, its vastness conveying the magnitude of its operations. NACCO Industries, Inc. (NYSE:NC), together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. Investors reacted positively after NACCO Industries, Inc. (NYSE:NC) declared a quarterly cash dividend of $0.2525, up 11% from the prior dividend of $0.2275. This marks the company's seventh consecutive annual dividend increase since the dividend was reset following the spin-off of Hamilton Beach Brands Holding Company in September 2017. NACCO and its predecessor companies have paid quarterly cash dividends to stockholders since 1956. J.C. Butler, President and CEO of NACCO Industries, Inc. (NYSE:NC), stated: 'The 11% increase in our dividend underscores our confidence in NACCO's long-term outlook, our capital management discipline and our ongoing commitment to deliver value to our stockholders. We believe 2025 will mark a pivotal year in our transformation, with each of our businesses poised to benefit from profits derived from multi-year projects, favorable market trends and strategic positioning in key sectors of the American economy.' It must be mentioned that NACCO Industries, Inc. (NYSE:NC) reported strong results for its Q1 2025 at the end of last month, posting a 7.2% YoY increase in net income to $4.9 million. The company's revenue also grew 23.8% YoY due to an increase in tons delivered at Mississippi Lignite Mining Company. While we acknowledge the potential of NC to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
22-05-2025
- Business
- Yahoo
Here is Why NACCO Industries (NC) Gained This Week
The share price of NACCO Industries, Inc. (NYSE:NC) surged by 4.57% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. Aerial view of an opencast coal mine, its vastness conveying the magnitude of its operations. NACCO Industries, Inc. (NYSE:NC), together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. Investors reacted positively after NACCO Industries, Inc. (NYSE:NC) declared a quarterly cash dividend of $0.2525, up 11% from the prior dividend of $0.2275. This marks the company's seventh consecutive annual dividend increase since the dividend was reset following the spin-off of Hamilton Beach Brands Holding Company in September 2017. NACCO and its predecessor companies have paid quarterly cash dividends to stockholders since 1956. J.C. Butler, President and CEO of NACCO Industries, Inc. (NYSE:NC), stated: 'The 11% increase in our dividend underscores our confidence in NACCO's long-term outlook, our capital management discipline and our ongoing commitment to deliver value to our stockholders. We believe 2025 will mark a pivotal year in our transformation, with each of our businesses poised to benefit from profits derived from multi-year projects, favorable market trends and strategic positioning in key sectors of the American economy.' It must be mentioned that NACCO Industries, Inc. (NYSE:NC) reported strong results for its Q1 2025 at the end of last month, posting a 7.2% YoY increase in net income to $4.9 million. The company's revenue also grew 23.8% YoY due to an increase in tons delivered at Mississippi Lignite Mining Company. While we acknowledge the potential of NC to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
15-05-2025
- Business
- Yahoo
NACCO INDUSTRIES INCREASES DIVIDEND BY 11%
CLEVELAND, May 15, 2025 /PRNewswire/ -- NACCO Industries® (NYSE: NC) announced today that its Board of Directors declared a regular quarterly cash dividend of 25.25 cents per share, which represents an 11% increase compared to the prior quarterly dividend rate of 22.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 16, 2025 to stockholders of record at the close of business on May 30, 2025. The new dividend is equal to an annual rate of $1.01 per share, up 10 cents from the prior annual rate of $0.91 per share. This represents NACCO's seventh consecutive annual dividend increase since the dividend was reset following the spin-off of Hamilton Beach Brands Holding Company in September 2017. NACCO and its predecessor companies have paid quarterly cash dividends to stockholders since 1956. J.C. Butler, President and CEO of NACCO Industries commented, "The 11% increase in our dividend underscores our confidence in NACCO's long-term outlook, our capital management discipline and our ongoing commitment to deliver value to our stockholders. We believe 2025 will mark a pivotal year in our transformation, with each of our businesses poised to benefit from profits derived from multi-year projects, favorable market trends and strategic positioning in key sectors of the American economy." About NACCO Industries NACCO Industries® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at or get investor information at Forward-looking Statements Disclaimer The statements contained in this news release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Among the factors that could cause plans, actions and results to differ materially from current expectations are, without limitation: (1) changes to or termination of customer or other third-party contracts, or a customer or other third party default under a contract, (2) any customer's premature facility closure or extended project development delay, (3) federal and state legislative and regulatory actions affecting fossil fuels, (4) a significant reduction in purchases by the Company's customers, including as a result of changes in coal consumption patterns of U.S. electric power generators, or changes in the power industry that would affect demand for the Company's coal and other mineral reserves, (5) supply chain disruptions, including price increases and shortages of parts and materials, inclusive of tariff effects, (6) changes in the prices of hydrocarbons, particularly diesel fuel, natural gas, natural gas liquids and oil as a result of factors such as OPEC and/or government actions, geopolitical developments, economic conditions and regulatory changes, as well as supply and demand dynamics, (7) changes in development plans by third-party lessees of the Company's mineral interests, (8) failure or delays by the Company's lessees in achieving expected production of natural gas and other hydrocarbons; the availability and cost of transportation and processing services in the areas where the Company's oil and gas reserves are located; and the ability of lessees to obtain capital or financing needed for well-development operations and leasing and development of oil and gas reserves on federal lands, (9) failure to obtain adequate insurance coverages at reasonable rates, (10) changes in tax laws or regulatory requirements, including the elimination of, or reduction in, the percentage depletion tax deduction, changes in mining or power plant emission regulations and health, safety or environmental legislation, (11) impairment charges, (12) changes in costs related to geological and geotechnical conditions, repairs and maintenance, new equipment and replacement parts, fuel or other similar items, (13) weather conditions, extended power plant outages, liquidity events or other events that would change the level of customers' coal or aggregates requirements, (14) weather or equipment problems that could affect deliveries to customers, (15) changes in the costs to reclaim mining areas, (16) costs to pursue and develop new mining, mitigation, oil and gas and power generation development opportunities and other value-added service opportunities, (17) delays or reductions in coal or aggregates deliveries, (18) the ability to successfully evaluate investments and achieve intended financial results in new business and growth initiatives, (19) disruptions from natural or human causes, including severe weather, accidents, fires, earthquakes and terrorist acts, any of which could result in suspension of operations or harm to people or the environment, and (20) the ability to attract, retain, and replace workforce and administrative employees. **** View original content to download multimedia: SOURCE NACCO Industries Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wamda
16-04-2025
- Business
- Wamda
Dubizzle expands real estate intelligence capabilities with Property Monitor acquisition
Dubai-based online classifieds platform Dubizzle Group has acquired Property Monitor, a UAE-based proptech, for an undisclosed value. Founded in 2005 by J.C. Butler and Sim Whatley, Dubizzle is behind classified platforms such as dubizzle, Bayut and Drive Arabia. Meanwhile, Property Monitor, founded in 2014, is a real estate data analytics and market intelligence platform that provides property valuations to market players. Acquisition supports Dubizzle Group's strategy by broadening its product offering and enhancing the value that Bayut & dubizzle deliver to its real estate agency and developer clients. In February, Dubizzle acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value. Press release: Dubizzle Group, the MENA region's premier digital marketplace group, announces today the acquisition of Property Monitor, a leading real-estate market intelligence platform in the UAE. The acquisition of Property Monitor reinforces Dubizzle Group's leadership in real estate classifieds and technology through a portfolio of market-leading brands, including Bayut and dubizzle. Integrating Property Monitor into Dubizzle Group's real estate offering enhances the value proposition for agencies and developers by delivering a more comprehensive and data-rich user experience. As one of the leading market intelligence providers in the UAE, Property Monitor enables key industry players to make data-driven decisions through PMiQ, its SaaS-based platform, and other products, including API integration, market reports and automated valuations. With a premier client base which includes the UAE's leading real estate agencies and developers, it has established itself as a critical tool within the UAE real estate ecosystem for property data, analytics and insights. Dubizzle Group plans to enhance Property Monitor's product suite by incorporating demand-side data, creating avenues for deeper client engagement. Property Monitor achieved a revenue CAGR of 55% from 2022 to 2024 and attracts more than 7,700 monthly users, primarily real estate agencies and property developers. 'We are delighted to welcome Property Monitor to the Dubizzle Group real estate portfolio. As a trusted and respected brand in the UAE, Property Monitor complements our market-leading platforms Bayut and dubizzle. This acquisition unlocks new opportunities to enhance the value that Bayut and dubizzle deliver to real estate agents and developers, while reinforcing Dubizzle Group's position as a leading destination for real estate classifieds in the UAE. It also reflects our broader strategy of targeted acquisitions that strengthen our ability to deliver an exceptional user experience across the region's real estate and automotive sectors," said Haider Ali Khan, CEO of Dubizzle Group – UAE. The announcement marks Dubizzle Group's third acquisition in two years, building on continued expansion in the digital marketplace space in the MENA region. In 2024, Dubizzle Group acquired Hatla2ee, a leading marketplace in Egypt for used and new cars. The Group also acquired Drive Arabia, a leading source for automotive news, reviews and car comparisons in the Middle East, to broaden its offering for car buyers and its advertising capability for automotive manufacturers. The acquisition of Property Monitor reflects Dubizzle Group's strategic approach to M&A—targeting complementary businesses in the MENA region that strengthen the Group's position within the real estate and automotive ecosystem, deepen the overall product offering and enhance the experience for users and clients. Dubizzle Group's flagship platforms—dubizzle and Bayut—are market leaders across the UAE, Saudi Arabia, and Egypt, with a strong presence in several other MENA countries. With over 47 million monthly visits and 15 million monthly users, Dubizzle Group's portals are the region's go-to destinations for online classifieds.
Wamda
18-02-2025
- Automotive
- Wamda
Dubizzle acquires Egypt's online car marketplace Hatla2ee
UAE-based online classifieds platform Dubizzle Group has acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value. With this acquisition, Dubizzle Group integrates its advanced technology and resources into Hatla2ee's already trusted platform. Established in 2016 by Samy Swellam, Hatla2ee is an online platform where users can buy and sell new and used cars. Founded in 2005 by J.C. Butler and Sim Whatley, Dubizzle is behind classified platforms such as dubizzle, Bayut and Drive Arabia. In May 2024, Dubizzle Group acquired Drive Arabia, a UAE-based automotive-focused media and reviews platform. Press release: In a major move for Egypt's automotive market, Dubizzle Group, the UAE-based tech leader behind some of the MENA region's most popular classifieds platforms, such as dubizzle, Bayut and Drive Arabia, has acquired Hatla2ee, one of Egypt's leading online car marketplaces. With this acquisition, car buyers and sellers in Egypt will benefit from an even more seamless and tech-driven experience, as Dubizzle Group integrates its advanced technology and resources into Hatla2ee's already trusted platform. Established in 2016, Hatla2ee has become a go-to platform for Egyptians looking to buy and sell new and used cars, boasting over 2 million monthly visitors on its website and mobile app. Haroon Rashid, CEO of Dubizzle Egypt, shared his excitement about this strategic step: 'Dubizzle Group has already built a strong presence in Egypt with our leading platforms dubizzle (general classifieds) and Bayut (real estate portal). Adding Hatla2ee to our portfolio means we can now offer Egyptian consumers the widest range of automotive services with the power of our cutting-edge technology.' 'With 114 million people and a quickly evolving automotive market, Egypt is a key focus for Dubizzle Group's future growth,' said Imran Ali Khan, CEO of Dubizzle Group. 'Egypt's automotive industry is at an exciting stage, and this acquisition reinforces our commitment to transforming the way Egyptians buy and sell cars. We look forward to working closely with the Hatla2ee team to bring innovation and growth to the sector.' Samy Swellam, CEO of Hatla2ee, also expressed his enthusiasm for this next chapter. 'Hatla2ee has built a strong community of car buyers and sellers over the years. Joining forces with Dubizzle Group opens up new opportunities to enhance our platform, leverage advanced technology, and create an even better experience for users in Egypt. We are excited for what's to come!'
