Crane Co. Declares Third Quarter Dividend

Rhea-AI Summary

Crane Co. announced a quarterly dividend of $0.43 per share for Q3 2021, payable on September 8, 2021, to shareholders of record by August 31, 2021. The company, established in 1855, manufactures engineered industrial products across various sectors including chemicals, aerospace, and automated payment solutions. Crane Co. is undergoing a divestiture of its Engineered Materials segment, pending regulatory approval. It operates four primary segments and employs approximately 11,000 people globally.

Positive

• Quarterly dividend of $0.43 per share provides income for shareholders.
• The company’s diversified product offerings across multiple sectors show resilience.

Negative

• Divestiture of the Engineered Materials segment may affect future revenue streams.

Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.43 per share for the third quarter of 2021. The dividend is payable on September 8, 2021 to shareholders of record as of the close of business on August 31, 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/20210726005786/en/

FAQ

What is Crane Co.’s dividend amount for Q3 2021?

Crane Co. announced a dividend of $0.43 per share for Q3 2021.

When is the dividend payable?

The dividend is payable on September 8, 2021.

What is the record date for the dividend?

The record date for the dividend is August 31, 2021.

What segments does Crane Co. operate in?

Crane Co. operates in Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

How many employees does Crane Co. have?

Crane Co. has approximately 11,000 employees globally.