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CHARLOTTE, N.C. - Columbus McKinnon Corporation (NASDAQ:CMCO), a designer and manufacturer of intelligent motion solutions for material handling, announced Monday that its Board of Directors has approved a regular quarterly dividend of $0.07 per common share. According to InvestingPro data, the company has maintained dividend payments for 12 consecutive years, with a current annual yield of 1.83%.
The dividend will be payable on or about August 16, 2025, to shareholders of record at the close of business on August 8, 2025, according to a company press release.
Columbus McKinnon currently has approximately 28.7 million shares of common stock outstanding.
The company specializes in manufacturing products including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems, primarily for commercial and industrial applications. While the stock has faced challenges with a 59% decline over six months, InvestingPro analysts project a return to profitability this year. For deeper insights into CMCO’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Columbus McKinnon Corporation reported its fourth-quarter and fiscal year 2025 results, showing a mixed financial performance. The company achieved an adjusted earnings per share (EPS) of $0.60, slightly surpassing the forecast of $0.58, but revenue fell short of expectations at $246.9 million versus the anticipated $248.4 million. Columbus McKinnon’s annual guidance for fiscal year 2026 suggests flat to slightly increased sales and adjusted EPS, factoring in tariff headwinds. The company is also facing a delay in its planned acquisition of Kito Crosby Limited due to a request for additional information from the U.S. Department of Justice’s Antitrust Division. This has extended the antitrust review period, and the acquisition’s completion remains contingent on regulatory approval and other customary closing conditions. DA Davidson has maintained a Neutral rating on Columbus McKinnon with a price target of $15.00, noting that the company’s performance modestly exceeded their projections despite a 5% organic sales drop. Columbus McKinnon continues to focus on strategic acquisitions and operational improvements, with a particular emphasis on its conveyance and automation segments.
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