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 common share, payable on or about November 15, 2021. Shareholders of record will be those who hold stock at the close of business on November 5, 2021. Currently, the company has approximately 28.4 million shares outstanding. CMCO specializes in intelligent motion solutions for material handling, showcasing their commitment to providing safe and quality designs for commercial applications.

Positive

• Quarterly dividend of $0.06 per share reflects company confidence.
• Dividend payment affirms commitment to returning value to shareholders.

Negative

• None.

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, announced today that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share.

The dividend will be payable on or about November 15, 2021 to shareholders of record at the close of business on November 5, 2021. Columbus McKinnon has approximately 28.4 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, precision conveyor systems, 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/20211018005924/en/

Gregory P. Rustowicz

Vice President - Finance and Chief Financial Officer

Columbus McKinnon Corporation

716-689-5442

greg.rustowicz@cmworks.com

Investor Relations:

Deborah K. Pawlowski

Kei Advisors LLC

716-843-3908

dpawlowski@keiadvisors.com

Source: Columbus McKinnon Corporation

FAQ

What is the dividend amount announced by CMCO?

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

When will the CMCO dividend be paid?

The dividend will be payable on or about November 15, 2021.

What is the record date for the CMCO dividend?

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

How many shares outstanding does CMCO have?

Columbus McKinnon Corporation has approximately 28.4 million shares of common stock outstanding.