Columbus McKinnon Co. (CMCO) To Go Ex-Dividend on February 7th

Columbus McKinnon Co. (NASDAQ:CMCO) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, February 7th.

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

Columbus McKinnon Stock Down 1.1 %

Shares of NASDAQ CMCO opened at $37.19 on Thursday. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.07 billion, a PE ratio of 70.17 and a beta of 1.24. The firm has a fifty day moving average of $37.55 and a 200-day moving average of $35.31. Columbus McKinnon has a 52-week low of $29.26 and a 52-week high of $45.84.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

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.