Columbus McKinnon Corporation (CMCO) to Issue Quarterly Dividend of $0.07 on February 23rd

Columbus McKinnon Corporation (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 0.07 per share by the industrial products company on Monday, February 23rd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th.

Columbus McKinnon has increased its dividend payment by an average of 0.0%annually over the last three years. Columbus McKinnon has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Columbus McKinnon to earn $2.95 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 9.5%.

Columbus McKinnon Stock Up 0.1%

Shares of NASDAQ:CMCO opened at $22.93 on Wednesday. The company has a market cap of $658.78 million, a price-to-earnings ratio of 109.19 and a beta of 1.33. Columbus McKinnon has a one year low of $11.78 and a one year high of $26.23. The firm has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $16.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.81 and a quick ratio of 0.99.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $258.66 million for the quarter, compared to the consensus estimate of $241.60 million. Columbus McKinnon had a return on equity of 7.46% and a net margin of 0.60%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. Analysts anticipate that Columbus McKinnon will post 2.69 EPS for the current fiscal year.

About Columbus McKinnon

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.