Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share
Rhea-AI Summary
Columbus McKinnon (Nasdaq: CMCO), a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, has announced that its Board of Directors has approved a regular quarterly dividend of $0.07 per common share. The dividend will be payable on or about November 18, 2024, to shareholders of record at the close of business on November 8, 2024.
Columbus McKinnon has approximately 28.7 million shares of common shares outstanding. The company specializes in key products including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems, focusing on commercial and industrial applications that require safety and quality.
Positive
- Regular quarterly dividend of $0.07 per share declared
- Consistent dividend payments indicate financial stability
- Large shareholder base with 28.7 million shares outstanding
Negative
- None.
News Market Reaction – CMCO
In the trading session that priced this news, CMCO declined 1.98%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The dividend will be payable on or about November 18, 2024, to shareholders of record at the close of business on November 8, 2024. Columbus McKinnon has approximately 28.7 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 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/columbus-mckinnon-declares-quarterly-dividend-of-0-07-per-share-302281669.html
SOURCE Columbus McKinnon Corporation