Columbus McKinnon Co. (NASDAQ:CMCO) Plans Quarterly Dividend of $0.07

Columbus McKinnon Co. (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.07 per share by the industrial products company on Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, February 7th.

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

Columbus McKinnon Trading Down 1.1 %

NASDAQ CMCO opened at $37.19 on Thursday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 70.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. Columbus McKinnon has a 12 month low of $29.26 and a 12 month high of $45.84. The company’s fifty day moving average price is $37.55 and its two-hundred day moving average price is $35.31.

Insider Buying and Selling at Columbus McKinnon

In related news, Director Christopher J. Stephens bought 1,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the acquisition, the director now owns 6,014 shares of the company’s stock, valued at $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th.

Columbus McKinnon Company Profile

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.