Columbus McKinnon hikes dividend by 16.7%

Columbus McKinnon Corporation (CMCO) will raise its quarterly dividend by 16.7% to 7 cents per share in 2022. The dividend yield for CMCO is 0.9% at a stock price of $30.

Columbus McKinnon is a worldwide designer, manufacturer and marketer of motion control products, technologies, systems and services that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, cranes, actuators, rigging tools, light rail work stations and digital power and motion control systems.