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CROWN HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND

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Crown Holdings, Inc. (CCK) declares a cash dividend of $0.25 per share, payable on March 28, 2024, to shareholders of record as of March 14, 2024.
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Insights

The declaration of a cash dividend of $0.25 per share by Crown Holdings, Inc. is a direct reflection of the company's current financial health and its commitment to returning value to shareholders. From a financial analysis perspective, the dividend yield, which is the dividend per share divided by the share price, becomes a critical metric for investors seeking income-generating investments. This announcement may also suggest that the company is generating sufficient cash flow to support such distributions, which can be a positive signal to the market regarding its operational efficiency and profitability.

However, it's important to consider the payout ratio, which is the proportion of earnings paid out as dividends to shareholders. An excessively high ratio could indicate that the company is not reinvesting enough in its own growth, which might be a concern for future value appreciation. Conversely, a sustainable payout ratio could reinforce investor confidence in the stability of the dividend payments and the company's long-term prospects.

From a market research standpoint, the impact of dividend announcements can extend beyond the immediate financial implications. Such declarations are often interpreted by the market as a signal regarding the company's future outlook. A steady or increased dividend can be perceived as a sign of strength and stability, which might attract a certain class of investors, particularly those focused on value investing and income stability.

It's also essential to consider the industry average dividend yield and how Crown Holdings' dividend compares. If the company's dividend yield is significantly higher than its peers, it might attract additional interest, but it could also raise questions about the sustainability of such payments in comparison to industry norms. The timing of the announcement in relation to economic cycles and market conditions can further influence investor perception and the stock's performance.

TAMPA, Fla., Feb. 22, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors declared a cash dividend of $0.25 per share payable March 28, 2024, to shareholders of record as of March 14, 2024.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com.

For more information, contact:
Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

Cision View original content:https://www.prnewswire.com/news-releases/crown-holdings-inc-declares-quarterly-dividend-302069254.html

SOURCE Crown Holdings, Inc.

FAQ

What dividend did Crown Holdings, Inc. (CCK) declare per share?

Crown Holdings, Inc. (CCK) declared a cash dividend of $0.25 per share.

When is the dividend payable to shareholders of Crown Holdings, Inc. (CCK)?

The dividend of $0.25 per share declared by Crown Holdings, Inc. (CCK) is payable on March 28, 2024.

When is the record date for shareholders to receive the dividend from Crown Holdings, Inc. (CCK)?

Shareholders of Crown Holdings, Inc. (CCK) must be on record as of March 14, 2024, to receive the declared dividend of $0.25 per share.

Crown Holdings Inc.

NYSE:CCK

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10.87B
120.64M
0.89%
96.8%
2.03%
Packaging & Containers
Metal Cans
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United States of America
TAMPA