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

Columbus McKinnon Co. (NASDAQ:CMCO) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.07 per share by the industrial products company on Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, February 7th.

Columbus McKinnon has increased its dividend by an average of 5.3% annually over the last three years.

Columbus McKinnon Price Performance

CMCO opened at $35.42 on Wednesday. The stock’s 50 day simple moving average is $37.35 and its 200 day simple moving average is $35.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. Columbus McKinnon has a 1 year low of $29.26 and a 1 year high of $45.84. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 66.83 and a beta of 1.22.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now owns 6,014 shares in the company, valued at $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday.

About Columbus McKinnon

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.