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Benzinga
Benzinga
Business
Akanksha Bakshi

Columbus McKinnon Hikes Quarterly Dividend By 17%

Columbus McKinnon CMCO
  • Columbus McKinnon Corp. (NASDAQ:CMCO) Board approved an increase to its regular quarterly dividend to $0.07 per common share, a rise of 17% from the previous quarterly dividend of $0.06.
  • The dividend is payable on May 16, 2022, to shareholders of record at the close of business on May 6, 2022.
  • Columbus McKinnon has ~28.5 million shares of common stock outstanding.
  • Price Action: CMCO shares closed lower by 1.50% at $43.36 on Monday.
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