Columbus McKinnon Corporation (NASDAQ:CMCO) Shareholders to Collect $0.07 Quarterly Dividend

Key Points

• Columbus McKinnon declared a quarterly dividend of $0.07 per share, payable November 16 to shareholders of record on November 6. The annualized dividend is $0.28, representing a 2.0% yield.
• The dividend appears well covered, with a current payout ratio of 9.5% and an expected future payout ratio of 10.5% based on projected earnings of $2.66 per share.
• In its latest quarter, Columbus McKinnon reported EPS of $0.61, beating estimates of $0.27, while revenue rose 125.3% year over year to $531.46 million. The stock opened at $14.04, below its 50-day and 200-day moving averages.

Columbus McKinnon Corporation (NASDAQ:CMCO - Get Free Report) announced a quarterly dividend on Monday, October 26th. Investors of record on Friday, November 6th will be given a dividend of $0.07 per share by the industrial products company on Monday, November 16th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th.

Columbus McKinnon has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Columbus McKinnon to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 10.5%.

Columbus McKinnon Stock Up 3.8%

CMCO opened at $14.04 on Tuesday. Columbus McKinnon has a fifty-two week low of $11.99 and a fifty-two week high of $24.40. The business has a 50-day moving average of $16.54 and a 200-day moving average of $16.66. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.00 and a quick ratio of 1.00. The company has a market capitalization of $405.19 million, a PE ratio of -1.88 and a beta of 1.43.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Columbus McKinnon had a positive return on equity of 10.02% and a negative net margin of 21.25%. The business had revenue of $531.46 million during the quarter, compared to analysts' expectations of $501.27 million. During the same quarter in the previous year, the business posted $0.50 EPS. The firm's quarterly revenue was up 125.3% compared to the same quarter last year. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. Equities research analysts forecast that Columbus McKinnon will post 2.00 EPS for the current fiscal year.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global manufacturer of intelligent motion solutions and lifting equipment. The company designs and supplies products used to move, lift, position and secure materials in industrial, commercial and infrastructure applications.

Its product portfolio includes electric and manual hoists, overhead cranes, winches, actuators, rigging equipment, load-positioning systems, crane controls and safety systems. Columbus McKinnon also offers automation technologies and software intended to improve the efficiency, safety and control of material-handling operations.

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