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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 (NASDAQ: CMCO) has declared a quarterly dividend of $0.07 per common share, with a payment date of February 21, 2023. Shareholders of record as of February 10, 2023 will be entitled to receive this dividend. The company has approximately 28.6 million shares of common stock outstanding. Columbus McKinnon specializes in intelligent motion solutions, focusing on material handling products such as hoists and conveyor systems, which improve safety and efficiency across commercial applications.
Positive
Regular quarterly dividend of $0.07 per share indicates shareholder returns.
Strong reputation as a designer and manufacturer of intelligent motion solutions.
Negative
None.
BUFFALO, N.Y.--(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 February 21, 2023 to shareholders of record at the close of business on February 10, 2023. Columbus McKinnon has approximately 28.6 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.
