Crane Co. Declares Fourth Quarter Dividend

Rhea-AI Summary

Crane Co. has declared a quarterly dividend of $0.43 per share for Q4 2021. This dividend will be payable on December 8, 2021 to shareholders on record by the close of business on November 30, 2021. The company operates in various sectors including chemicals, oil & gas, and aerospace & defense, and is pending the divestment of its Engineered Materials segment. Crane Co. employs around 11,000 people globally and is listed on the NYSE under the ticker CR.

Positive

• Regular quarterly dividend of $0.43 per share enhances shareholder returns.
• Diverse operations across multiple sectors indicate strong market presence.

Negative

• Pending divestment of Engineered Materials segment may affect future revenue streams.
• Subject to regulatory approval, which introduces uncertainty.

STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.43 per share for the fourth quarter of 2021. The dividend is payable on December 8, 2021 to shareholders of record as of the close of business on November 30, 2021.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials. On May 24, 2021, Crane announced that it had signed an agreement to divest its Engineered Materials segment; that sale is pending, subject to customary closing conditions and regulatory approval. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005777/en/

Jason D. Feldman

Vice President, Investor Relations

203-363-7329

www.craneco.com

Source: Crane Co.

FAQ

What is Crane Co.'s dividend amount for Q4 2021?

Crane Co. announced a dividend of $0.43 per share for Q4 2021.

When is the dividend payable for Crane Co.?

The dividend is payable on December 8, 2021.

What is the record date for Crane Co.'s dividend?

The record date for the dividend is November 30, 2021.

How often does Crane Co. pay dividends?

Crane Co. pays dividends quarterly.

Is the dividend sustainable for Crane Co.?

While currently paying dividends, the pending divestment raises questions about future sustainability.