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

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) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date 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 CMCO traded up $0.03 during mid-day trading on Wednesday, hitting $20.78. 124,650 shares of the company’s stock were exchanged, compared to its average volume of 322,027. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 0.45. Columbus McKinnon has a twelve month low of $11.78 and a twelve month high of $37.50. The firm has a fifty day moving average of $18.05 and a two-hundred day moving average of $16.10. The stock has a market cap of $596.87 million, a price-to-earnings ratio of 148.40 and a beta of 1.29.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Thursday, October 30th. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $261.05 million for the quarter, compared to the consensus estimate of $240.63 million. Columbus McKinnon had a net margin of 0.41% and a return on equity of 7.33%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, sell-side analysts forecast that Columbus McKinnon will post 2.69 earnings per share for the current 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.