Carpenter Technology Declares Quarterly Cash Dividend

Rhea-AI Summary

Carpenter Technology Corporation (NYSE: CRS) has announced a quarterly cash dividend of $0.20 per share, payable on September 3, 2020, to shareholders of record on August 25, 2020. The ex-dividend date is set for August 24, 2020. Carpenter Technology is a leader in high-performance specialty alloy-based materials, serving various industries including aerospace and medical. Founded in 1889, the company has pioneered premium specialty alloys and expanded its additive manufacturing capabilities.

Positive

• Quarterly cash dividend of $0.20 per share demonstrates commitment to returning value to shareholders.
• Stable dividend payment schedule supports investor confidence.

Negative

• None.

News Market Reaction – CRS

-7.55%

-7.55% Session move

In the trading session that priced this news, CRS declined 7.55%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PHILADELPHIA, Aug. 12, 2020 (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 September 3, 2020, to shareholders of record on August 25, 2020. The ex-dividend date (the date the common stock trades without the dividend) is August 24, 2020.

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, transportation, energy, industrial, medical, 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. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com.

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

Investor Inquiries: The Plunkett Group Brad Edwards +1 914-582-4187 brad@theplunkettgroup.com