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 February 18, 2025, to shareholders of record as of February 7, 2025.

The company, which has approximately 28.6 million shares of common shares outstanding, specializes in manufacturing 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 engineering.

Positive

• Consistent dividend payment maintained at $0.07 per share
• Large shareholder base with 28.6 million shares outstanding
• Diversified product portfolio across multiple industrial segments

Negative

• None.

News Market Reaction – CMCO

-1.12%

1 alert

-1.12% News Effect

On the day this news was published, CMCO declined 1.12%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Jan. 21, 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 February 18, 2025, to shareholders of record at the close of business on February 7, 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 CMCO pay its next quarterly dividend?

Columbus McKinnon will pay its quarterly dividend of $0.07 per share on February 18, 2025.

What is the record date for CMCO's Q1 2025 dividend?

The record date for Columbus McKinnon's dividend is February 7, 2025.

How many outstanding shares does CMCO currently have?

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

What is the quarterly dividend amount for CMCO shareholders?

CMCO shareholders will receive a quarterly dividend of $0.07 per common share.

What are CMCO's main product offerings in material handling?

CMCO's key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems.