Carpenter Technology Declares Quarterly Cash Dividend
PHILADELPHIA, Oct. 10, 2024 — Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share of common stock. This dividend is set to be paid on December 5, 2024, to shareholders of record as of October 22, 2024.
Carpenter Technology Corporation is a prominent leader in the field of high-performance specialty alloy-based materials and process solutions. The company’s products are critical for applications across various sectors, including aerospace, defense, medical, transportation, energy, industrial, and consumer electronics.
Since its founding in 1889, Carpenter Technology has established itself as a pioneer in the development of premium specialty alloys. Among its key offerings are titanium, nickel, and cobalt alloys, as well as advanced materials specifically designed for additive manufacturing (AM) processes and soft magnetics applications.
The decision to declare a cash dividend underscores Carpenter Technology’s commitment to returning value to its shareholders while continuing to innovate and provide high-quality materials for critical industries. The company remains focused on expanding its portfolio and improving its offerings to meet the evolving needs of its customers.
With a rich history and a strong market presence, Carpenter Technology Corporation continues to play a vital role in the advancement of technologies that enhance the performance and reliability of products used across various industries. This dividend announcement is a reflection of the company’s solid financial foundation and growth trajectory.
As Carpenter Technology advances into the future, stakeholders can look forward to continued innovation and expansion in the specialty alloys market, ensuring it remains at the forefront of material science and engineering.
