Columbus McKinnon Increases Quarterly Dividend and Authorizes $20 Million Share Repurchase Plan
Columbus McKinnon Corporation (CMCO)
Last columbus mckinnon corporation earnings: 2/4 06:30 am
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Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share, a $0.01 per common share increase from its previous quarterly dividend rate of $0.05. The Company also announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $20 million of the Company’s common stock. Mark Morelli, President and CEO of Columbus McKinnon, commented, “We have produced compelling performance with our Blueprint for Growth strategy. Cash generation has been very strong while return on invested capital has also improved. We have measurably reduced debt resulting in a solid balance sheet that offers
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News
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- Columbus McKinnon Corporation's (NASDAQ:CMCO) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock? [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery Technology [Yahoo! Finance]Yahoo! Finance
- Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery TechnologyBusiness Wire
CMCO
Earnings
- 1/31/24 - Beat
CMCO
Sec Filings
- 3/26/24 - Form 3
- 3/19/24 - Form 8-K
- 3/18/24 - Form 8-K
- CMCO's page on the SEC website