Carpenter Technology Declares Quarterly Cash Dividend

Rhea-AI Summary

Carpenter Technology (NYSE: CRS) has announced a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on December 5, 2024, to shareholders of record on October 22, 2024. Carpenter Technology, founded in 1889, is a leader in high-performance specialty alloy-based materials and process solutions for critical applications across various industries including aerospace, defense, medical, transportation, energy, industrial, and consumer electronics. The company specializes in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys engineered for additive manufacturing processes and soft magnetics applications.

Positive

• Consistent dividend payment indicates financial stability
• Diverse market presence across critical industries
• Specialization in high-performance specialty alloys

Negative

• None.

PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable December 5, 2024, to shareholders of record on October 22, 2024.

About Carpenter Technology

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. More information about Carpenter Technology can be found at www.carpentertechnology.com.

Investor Inquiries:           
John Huyette                     
+1 610-208-2061
jhuyette@cartech.com

Media Inquiries:
Heather Beardsley          
+1 610-208-2278
hbeardsley@cartech.com

FAQ

What is the dividend amount declared by Carpenter Technology (CRS) for Q4 2024?

Carpenter Technology (CRS) has declared a quarterly cash dividend of $0.20 per share of common stock for Q4 2024.

When is the dividend payable for Carpenter Technology (CRS) shareholders?

The dividend is payable on December 5, 2024, to Carpenter Technology (CRS) shareholders of record on October 22, 2024.

What industries does Carpenter Technology (CRS) serve with its specialty alloys?

Carpenter Technology (CRS) serves critical applications in aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets with its specialty alloy-based materials and solutions.

What types of specialty alloys does Carpenter Technology (CRS) produce?

Carpenter Technology (CRS) produces premium specialty alloys including titanium, nickel, and cobalt, as well as alloys engineered for additive manufacturing processes and soft magnetics applications.