Exhibit 99

NEWS RELEASE

5875 Landerbrook Drive Cleveland, Ohio 44124-4069

    Tel. (440) 229-5151 Fax (440) 229-5138

FOR FURTHER INFORMATION, CONTACT:

Christina Kmetko

(440) 229-5130

For Immediate Release

Thursday, May 18, 2023

NACCO INDUSTRIES

DECLARES QUARTERLY DIVIDEND

Cleveland, Ohio, May 18, 2023: NACCO Industries® (NYSE: NC) today announced that the Board of Directors increased its regular cash dividend from 20.75 cents to 21.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2023 to stockholders of record at the close of business on May 31, 2023. The new dividend is equal to an annual rate of $0.87 per share.

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 nacco.com or get investor information at ir.nacco.com.

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