Is the Columbus McKinnon Dividend Safe?
Columbus McKinnon has been increasing the dividend for 2 years.
Over the past 10 years, Columbus McKinnon has increased it by an annual -3.504 %.
Over a five-year period, the distribution increased by -10.219%.
Analysts expect a Dividend Increase of 1.23% for the current fiscal year.
Columbus McKinnon Aktienanalyse
What does Columbus McKinnon do?
The Columbus McKinnon Corporation is a globally operating company that operates in the fields of material handling and safety solutions. The company was founded in 1875 in Buffalo, New York, and has since had a vibrant history.
Initially specializing in winches and chains, Columbus McKinnon has evolved over time into a leading provider of material handling solutions. In 1977, the company went public, providing it with a solid financial foundation to expand its business further.
The company is divided into three main divisions: Material Handling, Commercial Products, and Energy Equipment. These divisions are designed to cover various industries and needs, offering a wide range of products and solutions.
In the Material Handling division, Columbus McKinnon manufactures lifting and transport equipment, including chain hoists, electric chain hoists, winches, and pneumatic lifting devices. The company is known for its robust and reliable products, which are used in a variety of applications, from manufacturing to construction.
Columbus McKinnon's Commercial Products division produces a wide range of industrial and construction equipment, including cranes, construction equipment, and commercial trailers. Safety and reliability are also a priority here to meet the demands of customers in different industries.
The Energy Equipment division specializes in the production of air and gas compressors. These products are used in the energy sector, particularly in the oil and gas industry, to operate components and systems.
Columbus McKinnon has also taken a strong leadership role in the development of innovative and cost-effective safety system solutions. This includes fall protection, workplace safety, and material handling. The company offers products such as fall protection systems, gripping tools, and maintenance systems. In this division, Columbus McKinnon holds a number of product patents and a strong commitment to invention and innovation.
Another important aspect of Columbus McKinnon's business model is the strategic acquisition of companies in the industry that can add new products and technologies to the overall offering or expand the company's reach. An example of this is the acquisition of Stahlhammer Bommern, a manufacturer of winches and lifting devices from Germany.
Overall, the company has a strong global presence and works closely with its customers in various industries to find innovative and effective solutions for their needs. Columbus McKinnon has been in business for over 140 years and has consistently adapted successfully to the changing requirements and needs of its customers. Columbus McKinnon is one of the most popular companies on Eulerpool.com.Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.