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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 (CMCO) has announced a quarterly dividend of $0.07 per share, set to be paid on August 15, 2022, to shareholders on record by August 5, 2022. The company currently has approximately 28.6 million shares of common stock outstanding, underscoring its ongoing commitment to rewarding shareholders. This announcement reflects CMCO's strong financial position and confidence in future performance amidst its continuous innovation in intelligent motion solutions for material handling.
Positive
Quarterly dividend of $0.07 per share reinstates financial stability.
Demonstrates commitment to shareholder value amidst market conditions.
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 August 15, 2022 to shareholders of record at the close of business on August 5, 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.
