NACCO Industries Declares Quarterly Dividend

MAYFIELD HEIGHTS, Ohio, May 8 /PRNewswire-FirstCall/ -- NACCO Industries, Inc. (NYSE: NC) today announced that the Board of Directors increased its regular quarterly cash dividend from 23-1/2 cents to 24-1/2 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 14, 2002 to stockholders of record at the close of business on May 31, 2002. The new dividend is equal to an annual rate of 98 cents per share.