Columbus McKinnon Declares Quarterly Dividend of $0.06 per Share

Rhea-AI Summary

Columbus McKinnon Corporation (CMCO) has announced a quarterly dividend of $0.06 per share, approved by its Board of Directors on January 18, 2021. This dividend will be payable on or about February 16, 2021 to shareholders of record by February 5, 2021. The company currently has approximately 23.9 million shares outstanding. Columbus McKinnon specializes in intelligent motion control products and automated systems, focusing on safety and quality in commercial and industrial applications.

Positive

• Quarterly dividend of $0.06 per share benefits shareholders.
• Demonstrates company confidence in its financial health.
• Continued commitment to returning value to shareholders.

Negative

• None.

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion control products, technologies, and automated systems and services for material handling, announced today that its Board of Directors declared at its meeting on Monday, January 18, 2021, payment of a regular quarterly dividend of $0.06 per common share.

The dividend will be payable on or about February 16, 2021 to shareholders of record at the close of business on February 5, 2021. Columbus McKinnon has approximately 23.9 million shares of common stock outstanding.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion control products, technologies and automated systems and services that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, crane components, actuators, rigging tools, light rail work stations, 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/20210119005194/en/

FAQ

What is the dividend amount declared by CMCO?

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

When is the dividend payment date for CMCO?

The dividend will be payable on or about February 16, 2021.

What is the record date for CMCO's dividend?

The record date for the dividend is February 5, 2021.

How many shares are outstanding for CMCO?

Columbus McKinnon has approximately 23.9 million shares of common stock outstanding.