The Manitowoc Company, Inc. Board of Directors Approves 8-Cent Per Share Annual Dividend

MANITOWOC, Wis.--(BUSINESS WIRE)-- At its meeting today, the Board of Directors of The Manitowoc Company, Inc. (NYSE: MTW), declared a cash dividend of 8 cents per share of common stock, payable on December 10, 2015, to shareholders of record on November 27, 2015.

About The Manitowoc Company, Inc.

Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with 92 manufacturing, distribution, and service facilities in 25 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry. Manitowoc is also one of the world's leading innovators and manufacturers of commercial foodservice equipment, which includes 24 market-leading brands of hot- and cold-focused equipment. In addition, both segments are complemented by a slate of industry-leading product support services. In 2014, Manitowoc's revenues totaled $3.9 billion, with approximately half of these revenues generated outside of the United States.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151028006825/en/

The Manitowoc Company, Inc.
Carl J. Laurino, 920-652-1720
Senior Vice President & Chief Financial Officer

Source: The Manitowoc Company, Inc.

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