Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
Columbus McKinnon Corporation (CMCO) Announces Approval of $0.07 Quarterly Dividend
Positive
The approval of a regular quarterly dividend indicates the company's financial stability and commitment to returning value to shareholders.
This move reflects the company's confidence in its financial position and future prospects, which can positively impact investor sentiment.
07/24/2023 - 04:15 PM
CHARLOTTE, N.C. --(BUSINESS WIRE)--
Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07
The dividend will be payable on or about August 21, 2023, to shareholders of record at the close of business on August 11, 2023. Columbus McKinnon has approximately 28.7 million shares of common stock outstanding.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.columbusmckinnon.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20230724362914/en/
Gregory P. Rustowicz
greg.rustowicz@cmworks.com
Investor Relations:
dpawlowski@keiadvisors.com
Source: Columbus McKinnon Corporation
What is the dividend amount approved by Columbus McKinnon Corporation?
The Board of Directors has approved a regular quarterly dividend of $0.07 per common share.
When will the dividend be payable?
The dividend will be payable on or before the date specified by the company.
CMCO Rankings
#1424 Ranked by Stock Gains
CMCO Stock Data
Industry
Iron and Steel Forging
Sector
Manufacturing
Tags
Producer Manufacturing, Trucks/Construction/Farm Machinery, Manufacturing, Iron and Steel Forging
Country
US
City
Getzville
About CMCO
columbus mckinnon manufactures a broad line of material handling products for use in a wide range of markets around the world. primary products include hoists, lifting chain, overhead crane systems and below-the-hook attachments. the company has a rich 135-year history, and many of the brands are the most recognized in the world. products from columbus mckinnon are used to lift, position, and secure loads in hundreds of industries including fabrication, food processing, mining, forestry, entertainment, trucking, utility, and defense – to name only a few.
