Columbus McKinnon Co. (CMCO) to Issue Quarterly Dividend of $0.07 on February 18th

Columbus McKinnon Co. (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.07 per share by the industrial products company on Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, February 7th.

Columbus McKinnon has increased its dividend by an average of 5.3% per year over the last three years.

Columbus McKinnon Stock Performance

NASDAQ:CMCO opened at $35.42 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. Columbus McKinnon has a 52-week low of $29.26 and a 52-week high of $45.84. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 66.83 and a beta of 1.22. The business’s fifty day moving average is $37.35 and its 200 day moving average is $35.40.

Insiders Place Their Bets

In other Columbus McKinnon news, Director Christopher J. Stephens bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now directly owns 6,014 shares of the company’s stock, valued at $224,562.76. The trade was a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.