Columbus McKinnon Corporation (NASDAQ:CMCO) Declares Quarterly Dividend of $0.07

Columbus McKinnon Corporation (NASDAQ:CMCO) announced a quarterly dividend on Monday, July 20th. Stockholders 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) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 7th.

Columbus McKinnon has increased its dividend payment by an average of 0.0%per year over the last three years. Columbus McKinnon has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ:CMCO opened at $14.33 on Tuesday. Columbus McKinnon has a 12 month low of $11.99 and a 12 month high of $24.40. The firm has a market capitalization of $413.13 million, a P/E ratio of -2.61 and a beta of 1.39. The company has a debt-to-equity ratio of 3.38, a current ratio of 2.02 and a quick ratio of 0.98. The company’s fifty day moving average price is $14.30 and its 200 day moving average price is $16.49.

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