Why These Energy Stocks Are Gaining This Week

7. NACCO Industries, Inc. (NYSE:NC)

Share Price Gains Between May 14 – May 21: 4.57%

Next on our list of Energy Stocks that Gained the Most This Week is NACCO Industries, Inc. (NYSE:NC), which, 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.