Columbus McKinnon Increases Quarterly Dividend 17% to $0.07 per Share

Rhea-AI Summary

Columbus McKinnon Corporation (CMCO) has announced an increase in its quarterly dividend to $0.07 per share, up from $0.06. The dividend will be payable on May 16, 2022, to shareholders who hold shares as of May 6, 2022. With approximately 28.5 million shares outstanding, this move reflects the Company’s commitment to returning value to its shareholders while bolstering confidence in its financial performance.

Positive

• Quarterly dividend increased from $0.06 to $0.07 per share.
• Dividend payment reflects strong financial performance.

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• 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 an increase to the Company’s regular quarterly dividend to $0.07 per common share, a $0.01 per common share increase from its previous quarterly dividend rate of $0.06.

The dividend will be payable on or about May 16, 2022 to shareholders of record at the close of business on May 6, 2022. Columbus McKinnon has approximately 28.5 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/20220321005814/en/

Gregory P. Rustowicz

Senior 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 Columbus McKinnon's new quarterly dividend amount for 2022?

The new quarterly dividend amount is $0.07 per share.

When will Columbus McKinnon pay the new dividend?

The new dividend will be payable on May 16, 2022.

What is the record date for Columbus McKinnon's dividend payment?

The record date for the dividend payment is May 6, 2022.

How many shares of common stock does Columbus McKinnon have outstanding?

Columbus McKinnon has approximately 28.5 million shares of common stock outstanding.