Columbus McKinnon Announces Increased Quarterly Dividend Benefits
Columbus McKinnon Confirms Quarterly Dividend for Shareholders
Columbus McKinnon Corporation (Nasdaq: CMCO), renowned for its innovation in intelligent motion solutions for material handling, has made an important announcement regarding its quarterly dividend. Recently, the Board of Directors approved a dividend payment of $0.07 per common share, reflecting the company’s ongoing dedication to shareholder value.
Details of the Dividend Payment
This dividend is set to benefit those shareholders who are on record by the cut-off date, which is February 7. The payment itself is expected to be processed around February 18. As it only continues to show strength and stability, Columbus McKinnon currently has around 28.6 million shares outstanding in the market.
Understanding the Company's Mission
Columbus McKinnon aims to enhance everyday experiences by effectively and ergonomically moving, lifting, positioning, and securing various materials. With a wide array of products such as hoists, crane components, and precision conveyor systems, the company prioritizes both safety and quality through superior design and engineering expertise.
Innovations in Material Handling
The company is committed to innovation and quality in its designs, catering to both commercial and industrial applications. Through its intelligent motion solutions, Columbus McKinnon not only meets the needs of the industry but also focuses on improving the efficiency and safety of operations.
Contacting Columbus McKinnon
For further inquiries, the company’s leadership is accessible. Gregory P. Rustowicz serves as the EVP of Finance and CFO, and can be reached at 716-689-5442. For additional investor-related information, Kristine Moser, the VP of Investor Relations and Treasurer, can be contacted at 704-322-2488.
About Columbus McKinnon
Bringing innovative solutions to the forefront, Columbus McKinnon is a global leader in material handling solutions. The company focuses on safety and craftsmanship, ensuring that users have the necessary tools and systems to conduct their operations effectively. Columbus McKinnon works tirelessly to further advancements in their field and provide reliable solutions for customers around the world.
Frequently Asked Questions
What is the declared dividend amount by Columbus McKinnon?
Columbus McKinnon has declared a quarterly dividend of $0.07 per common share.
When will the dividend be paid out?
The dividend is expected to be paid around February 18 to shareholders on record as of February 7.
What is the current number of shares outstanding for Columbus McKinnon?
Columbus McKinnon has approximately 28.6 million shares of common stock outstanding.
Who can I contact for more information regarding Columbus McKinnon?
Gregory P. Rustowicz, EVP of Finance and CFO, and Kristine Moser, VP of Investor Relations and Treasurer, are the main points of contact.
What types of products does Columbus McKinnon offer?
Columbus McKinnon offers products like hoists, crane components, precision conveyor systems, and motion control systems, focusing on safety and quality.
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