Columbus McKinnon Co. to Issue Quarterly Dividend of $0.07 (NASDAQ:CMCO)

Columbus McKinnon Co. (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.07 per share by the industrial products company on Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%.

Columbus McKinnon has raised its dividend by an average of 5.3% per year over the last three years.

Columbus McKinnon Price Performance

Shares of CMCO stock traded up $1.31 on Tuesday, reaching $37.61. The company’s stock had a trading volume of 155,250 shares, compared to its average volume of 146,038. The stock’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $35.26. Columbus McKinnon has a 1 year low of $29.26 and a 1 year high of $45.84. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 70.96 and a beta of 1.24.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

Insider Activity at Columbus McKinnon

In other news, CEO David J. Wilson acquired 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at $1,002,226. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher J. Stephens bought 1,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now directly owns 6,014 shares of the company’s stock, valued at $224,562.76. The trade was a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by corporate insiders.

Columbus McKinnon Company Profile

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.