Columbus McKinnon Initiates Regular Quarterly Dividend of $0.04 Per Share

Columbus McKinnon Initiates Regular Quarterly Dividend of $0.04 Per Share

AMHERST, N.Y., March 24, 2014 (GLOBE NEWSWIRE) -- Columbus McKinnon
Corporation (Nasdaq:CMCO), a leading designer, manufacturer and marketer of
material handling products, today announced that its Board of Directors has
approved the initiation of a regular quarterly dividend of $0.04 per common
share, representing an annual dividend rate of $0.16 per share. The dividend
will be payable on or about May 19, 2014 to shareholders of record on May 9,

Timothy T. Tevens, President and Chief Executive Officer, commented, "Columbus
McKinnon has successfully demonstrated its ability to generate cash throughout
all business cycles, including the most recent great recession of 2009.While
our strategic goals require investments to grow both organically and
inorganically, we have sufficient liquidity in the form of cash, an untapped
revolver and the inherent strength of our operations that enable us to also
reward shareholders with a regular cash dividend while executing our

The $0.16 per share annual dividend represents a cash requirement of
approximately $800 thousand per quarter, or $3.2 million annually. The
Company had $123.9 million of unrestricted cash and cash equivalents at
December 31, 2013.

Mr. Tevens added, "We expect to continue to make investments for growth both
organically and through acquisitions.In addition, our intention is to pay a
regular dividend through all stages of the business cycle and reward our
shareholders by increasing it as we strategically grow.The Board will
evaluate the dividend annually based on the Company's performance and our
expectations for earnings growth."

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer
of material handling products, systems and services, which efficiently and
ergonomically move, lift, position and secure materials.Key products include
hoists, cranes, actuators and rigging tools.The Company is focused on
commercial and industrial applications that require the safety and quality
provided by its superior design and engineering know-how.Comprehensive
information on Columbus McKinnon is available on its website at

Safe Harbor Statement

This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings,
involve known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements, including general economic and
business conditions, conditions affecting the industries served by the Company
and its subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and services, the
overall market acceptance of such products and services, the effect of
operating leverage, the pace of bookings relative to shipments, the ability to
expand into new markets and geographic regions, the success in acquiring new
business, the speed at which shipments improve, and other factors disclosed in
the Company's periodic reports filed with the Securities and Exchange
Commission. The Company assumes no obligation to update the forward-looking
information contained in this release.

CONTACT: Gregory P. Rustowicz
         Vice President - Finance and Chief Financial Officer
         Columbus McKinnon Corporation
         Investor Relations:
         Deborah K. Pawlowski
         Kei Advisors LLC
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