Columbus McKinnon Declares Quarterly Dividend of $0.06 per Share

Rhea-AI Summary

Columbus McKinnon Corporation (CMCO) has declared a quarterly dividend of $0.06 per common share. This decision was made during the Board of Directors meeting on March 22, 2021. Shareholders on record as of May 3, 2021 will receive the dividend, which will be paid on or about May 13, 2021. The company currently has approximately 24.0 million shares outstanding, emphasizing its commitment to returning value to shareholders.

Positive

• Declaration of a quarterly dividend of $0.06 per share, indicating financial stability and commitment to shareholder returns.
• Scheduled dividend payment on May 13, 2021, ensures timely returns for investors.

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• None.

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced today that its Board of Directors declared at its meeting on Monday, March 22, 2021, payment of a regular quarterly dividend of $0.06 per common share.

The dividend will be payable on or about May 13, 2021 to shareholders of record at the close of business on May 3, 2021. Columbus McKinnon has approximately 24.0 million shares of common stock outstanding.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that efficiently and ergonomically move, lift, position, and secure materials. Key products include hoists, crane components, actuators, 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/20210322005735/en/

FAQ

What is the dividend amount declared by Columbus McKinnon Corporation?

Columbus McKinnon Corporation has declared a dividend of $0.06 per common share.

When will the dividend be paid to shareholders?

The dividend will be payable on or about May 13, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is May 3, 2021.

How many shares of common stock does Columbus McKinnon have outstanding?

Columbus McKinnon has approximately 24.0 million shares of common stock outstanding.