Crane Co. Declares Second Quarter Dividend

Rhea-AI Summary

Crane Co. (NYSE:CR) has declared its quarterly dividend of $0.47 per share for Q2 2022, payable on June 8, 2022. Shareholders of record as of May 31, 2022 will receive this dividend. Founded in 1855, Crane Co. specializes in highly engineered industrial products across various sectors, including aerospace, defense, and chemical processing. The company plans to divest its Engineered Materials segment, but the DOJ has filed a complaint to block this sale. Crane Co. supports approximately 11,000 employees globally.

Positive

• Quarterly dividend of $0.47 per share announced, reflecting confidence in financial stability.
• Strong presence across diverse sectors, enhancing revenue potential.

Negative

• Divestiture of the Engineered Materials segment faces DOJ opposition, creating uncertainty.
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STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the second quarter of 2022. The dividend is payable on June 8, 2022 to shareholders of record as of the close of business on May 31, 2022.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. 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 subject to customary closing conditions and regulatory approval. On March 17, 2022, the Department of Justice (DOJ) filed a complaint to enjoin that sale transaction. 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/20220425005644/en/

Jason D. Feldman

Vice President, Investor Relations

203-363-7329

www.craneco.com

Source: Crane Co.

FAQ

What is the dividend amount for Crane Co. in Q2 2022?

Crane Co. has declared a dividend of $0.47 per share for Q2 2022.

When is the dividend payable for Crane Co.?

The dividend is payable on June 8, 2022.

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

The record date for the dividend is May 31, 2022.

What is the significance of the DOJ's complaint against Crane Co.'s divestiture?

The DOJ's complaint poses a risk to Crane Co.'s planned divestiture of its Engineered Materials segment, affecting its strategic plans.