STOCK TITAN

Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Columbus McKinnon Corporation (CMCO) Announces Approval of $0.07 Quarterly Dividend
Positive
  • The approval of a regular quarterly dividend indicates the company's financial stability and commitment to returning value to shareholders.
  • This move reflects the company's confidence in its financial position and future prospects, which can positively impact investor sentiment.
Negative
  • None.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- 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 August 21, 2023, to shareholders of record at the close of business on August 11, 2023. Columbus McKinnon has approximately 28.7 million shares of common stock 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.columbusmckinnon.com.

Gregory P. Rustowicz

Executive 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 approved by Columbus McKinnon Corporation?

The Board of Directors has approved a regular quarterly dividend of $0.07 per common share.

When will the dividend be payable?

The dividend will be payable on or before the date specified by the company.

Columbus McKinnon Corp/NY

NASDAQ:CMCO

CMCO Rankings

CMCO Latest News

CMCO Stock Data

1.07B
27.98M
2.4%
98.29%
1.38%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
Link
United States of America
CHARLOTTE