NYSENC
NACCO Industries Declares Quarterly Dividend

MAYFIELD HEIGHTS, Ohio, May 12 /PRNewswire-FirstCall/ -- NACCO Industries, Inc. (NYSE: NC) today announced that the Board of Directors increased its regular cash dividend from 38 cents to 39 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2004 to stockholders of record at the close of business on June 1, 2004. The new dividend is equal to an annual rate of $1.56 per share.

SOURCE  NACCO Industries, Inc.
    -0-                             05/12/2004
    /CONTACT:  Christina Kmetko, Manager - Finance, of NACCO Industries, Inc.,
+1-440-449-9669/
    /Web site:  http://www.nacco.com /
    (NC)

CO:  NACCO Industries, Inc.
ST:  Ohio
IN:  MAC
SU:  DIV

CF-JT 
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5897 05/12/2004 13:40 EDT http://www.prnewswire.com