Columbus McKinnon Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Summary

Columbus McKinnon Corporation (NASDAQ: CMCO) has announced a quarterly dividend payment of $0.07 per share, to be paid on November 14, 2022. Shareholders recorded by the close of business on November 4, 2022 will receive this dividend. The company has approximately 28.6 million shares outstanding. Columbus McKinnon specializes in intelligent motion solutions, enhancing material handling through a range of products including hoists and digital control systems.

Positive

• Quarterly dividend of $0.07 per share enhances shareholder returns.
• Strong focus on intelligent motion solutions positions the company well in the market.

Negative

• None.

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today 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 November 14, 2022 to shareholders of record at the close of business on November 4, 2022. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005850/en/

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 for CMCO?

Columbus McKinnon Corporation has announced a quarterly dividend of $0.07 per share.

When will the CMCO dividend be paid?

The dividend will be payable on November 14, 2022.

What is the record date for the CMCO dividend?

The record date for the dividend is November 4, 2022.

How many shares are outstanding for CMCO?

Columbus McKinnon has approximately 28.6 million shares of common stock outstanding.