Carpenter Technology Declares Quarterly Cash Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Carpenter Technology (NYSE: CRS) has announced its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on June 5, 2025, to shareholders of record on April 22, 2025.

Carpenter Technology, established in 1889, is a leader in high-performance specialty alloy materials and process solutions, specializing in nickel, cobalt, and titanium. The company serves critical applications in the aerospace, defense, and medical markets.

Positive

Maintains consistent dividend payment, demonstrating financial stability
Continues to provide steady income stream to shareholders

Negative

None.

News Market Reaction 1 Alert

+1.86% News Effect

On the day this news was published, CRS gained 1.86%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

04/10/2025 - 05:00 PM

PHILADELPHIA, April 10, 2025 (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 June 5, 2025, to shareholders of record on April 22, 2025.

About Carpenter Technology

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, and other markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers' current and future material challenges. More information about Carpenter Technology can be found at https://www.carpentertechnology.com/.