Columbus McKinnon (CMCO) Raises Quarterly Dividend 20% to $0.06, 0.7% Yield; Authorizes New Share Buyback Up to $20M

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Columbus McKinnon Increases Quarterly Dividend and Authorizes $20 Million Share Repurchase Plan

March 26, 2019 6:30 AM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.06 per common share, a $0.01 per common share increase from its previous quarterly dividend rate of $0.05.

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