Carpenter Technology Declares Quarterly Cash Dividend

Rhea-AI Summary

Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on March 4, 2021, to shareholders on record as of February 2, 2021. The ex-dividend date is February 1, 2021. This reflects Carpenter's commitment to returning value to its shareholders while maintaining its leadership in high-performance specialty alloys for diverse markets including aerospace and medical.

Positive

• Quarterly cash dividend of $0.20 per share enhances shareholder value.

Negative

• None.

PHILADELPHIA, Jan. 21, 2021 (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 4, 2021, to shareholders of record on February 2, 2021. The ex-dividend date (the date the common stock trades without the dividend) is February 1, 2021.

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, transportation, medical, 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. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com.

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

Investor Inquiries: The Plunkett Group Brad Edwards +1 914-582-4187 brad@theplunkettgroup.com

FAQ

What is the dividend amount declared by Carpenter Technology Corporation?

The declared dividend amount is $0.20 per share.

When will the dividend be paid?

The dividend will be paid on March 4, 2021.

What is the ex-dividend date for Carpenter Technology's stock?

The ex-dividend date is February 1, 2021.

Who is eligible to receive the dividend from Carpenter Technology?

Shareholders on record as of February 2, 2021, are eligible to receive the dividend.