Columbus McKinnon increases its quarterly dividend by 17% to $0.07 per share

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BUFFALO, NY–(BUSINESS WIRE)–Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that its Board of Directors has approved an increase to the regular quarterly dividend of the company at $0.07 per common share, or $0.01 per common share from its previous quarterly dividend rate of $0.06.

The dividend will be payable on or about May 16, 2022 to shareholders of record at the close of business on May 6, 2022. Columbus McKinnon has approximately 28.5 million common shares outstanding.

About Columbus McKinnon

Columbus McKinnon is one of the world’s leading designers, manufacturers and marketers of intelligent motion solutions that move the world forward and improve lives by moving, lifting, positioning and securing materials efficiently and ergonomically. Major products include hoists, crane components, precision conveying systems, rigging tools, light rail workstations, and digital power and motion control systems. The company focuses on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Complete information about Columbus McKinnon is available at www.columbusmckinnon.com.


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