Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Summary

Columbus McKinnon (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, has announced its Board of Directors' approval of a regular quarterly dividend of $0.07 per common share. The dividend will be paid on May 12, 2025, to shareholders of record as of May 2, 2025.

The company, which has approximately 28.6 million shares of common shares outstanding, specializes in manufacturing key products including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. Their focus remains on commercial and industrial applications requiring safety and quality through superior design and engineering expertise.

Positive

• Consistent dividend payment maintains steady income stream for shareholders
• Large shareholder base with 28.6 million shares outstanding indicates market liquidity

Negative

• Low quarterly dividend amount of $0.07 per share indicates cash distribution to shareholders

News Market Reaction – CMCO

-1.06%

1 alert

-1.06% News Effect

On the day this news was published, CMCO declined 1.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., March 24, 2025 /PRNewswire/ -- 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 per common share.

The dividend will be payable on or about May 12, 2025, to shareholders of record at the close of business on May 2, 2025.  Columbus McKinnon has approximately 28.6 million shares of common shares 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.cmco.com.

Contacts:

Gregory P. Rustowicz	Kristine Moser
EVP Finance and CFO	VP IR and Treasurer
Columbus McKinnon Corporation	Columbus McKinnon Corporation
716-689-5442	704-322-2488
greg.rustowicz@cmco.com	kristy.moser@cmco.com

 

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SOURCE Columbus McKinnon Corporation

FAQ

When will Columbus McKinnon (CMCO) pay its next quarterly dividend?

CMCO will pay its quarterly dividend of $0.07 per share on May 12, 2025, to shareholders of record as of May 2, 2025.

What is the dividend yield for Columbus McKinnon (CMCO) based on the current quarterly payment?

Based on the quarterly dividend of $0.07 per share, CMCO's annual dividend payment is $0.28 per share.

How many outstanding shares does Columbus McKinnon (CMCO) have?

Columbus McKinnon has approximately 28.6 million shares of common shares outstanding.

What are the main products manufactured by Columbus McKinnon (CMCO)?

CMCO manufactures hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems.