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

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, 2014, to shareholders of record on November 28, 2014.

About The Manitowoc Company, Inc.

Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing, distribution, and service facilities in 24 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, which are complemented by a slate of industry-leading product support services. In addition, Manitowoc is 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 2013, Manitowoc’s revenues totaled $4.0 billion, with more than half of these revenues generated outside of the United States.