Carpenter Technology Declares Quarterly Cash Dividend

Carpenter Technology (NYSE: CRS) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.20 per share of common stock.

Rhea-AI Summary

Carpenter Technology (NYSE: CRS) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on March 6, 2025, to shareholders of record as of January 28, 2025.

Carpenter Technology, established in 1889, is a leading manufacturer of high-performance specialty alloy-based materials and process solutions. The company specializes in premium specialty alloys, including titanium, nickel, and cobalt, along with materials engineered for additive manufacturing processes and soft magnetics applications. Their products serve critical applications across various sectors, including aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets.

Positive

• Maintains consistent dividend payment, showing financial stability
• Quarterly dividend of $0.20 per share provides steady income for shareholders

Negative

• None.

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News Market Reaction – CRS

In the trading session that priced this news, CRS gained 1.19%, reflecting a mild positive market reaction.

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PHILADELPHIA, Jan. 15, 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 March 6, 2025, to shareholders of record on January 28, 2025.

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:		Media Inquiries:
John Huyette		Heather Beardsley
+1 610-208-2061		+1 610-208-2278
jhuyette@cartech.com		hbeardsley@cartech.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount announced by Carpenter Technology (CRS) for Q1 2025?

Carpenter Technology (CRS) announced a quarterly cash dividend of $0.20 per share of common stock.

When is the payment date for Carpenter Technology's (CRS) latest dividend?

The dividend will be paid on March 6, 2025.

What is the record date for Carpenter Technology's (CRS) Q1 2025 dividend?

The record date for the dividend is January 28, 2025.

Which markets does Carpenter Technology (CRS) serve with its specialty alloys?

Carpenter Technology serves the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets.

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

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