Columbus McKinnon Corporation (CMCO) To Go Ex-Dividend on November 7th

Columbus McKinnon Corporation (NASDAQ:CMCO) announced a quarterly dividend on Monday, October 20th. Shareholders of record on Friday, November 7th will be given a dividend of 0.07 per share by the industrial products company on Monday, November 17th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, November 7th.

Columbus McKinnon has raised its dividend by an average of 0.0%per year over the last three years. Columbus McKinnon has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 5.1%

CMCO opened at $15.19 on Wednesday. The business has a 50 day moving average price of $15.06 and a two-hundred day moving average price of $15.30. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46. The company has a market cap of $436.33 million, a PE ratio of -28.13 and a beta of 1.26. Columbus McKinnon has a 52 week low of $11.78 and a 52 week high of $41.05.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.The company had revenue of $166.55 million for the quarter. As a group, research analysts anticipate that Columbus McKinnon will post 2.69 EPS for the current year.

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.