Columbus McKinnon Corporation (CMCO) to Issue Quarterly Dividend of $0.07 on August 17th

Columbus McKinnon Corporation (NASDAQ:CMCO) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.07 per share by the industrial products company on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th.

Columbus McKinnon has increased its dividend payment by an average of 0.0%annually over the last three years. Columbus McKinnon has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Columbus McKinnon to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 11.3%.

Columbus McKinnon Stock Up 3.2%

Shares of NASDAQ CMCO opened at $14.79 on Wednesday. The firm’s 50-day moving average is $14.29 and its two-hundred day moving average is $16.48. The company has a market capitalization of $426.40 million, a PE ratio of -2.70 and a beta of 1.39. Columbus McKinnon has a 12-month low of $11.99 and a 12-month high of $24.40. The company has a debt-to-equity ratio of 3.38, a current ratio of 2.02 and a quick ratio of 0.98.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Thursday, June 4th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.The company had revenue of $437.83 million for the quarter, compared to analyst estimates of $419.56 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 77.3% on a year-over-year basis. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. Equities analysts anticipate that Columbus McKinnon will post 1.73 EPS for the current fiscal year.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.