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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 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.
