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PHILADELPHIA - Carpenter Technology Corporation (NYSE:CRS) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock. The company has maintained dividend payments for 55 consecutive years, demonstrating strong commitment to shareholder returns. According to InvestingPro data, the current dividend yield stands at 0.31%.
The dividend will be payable December 4, 2025, to shareholders of record on October 21, 2025, according to a press release from the company. The company’s financial health score is rated as "GREAT" by InvestingPro, with liquid assets exceeding short-term obligations by 3.65 times.
Carpenter Technology, founded in 1889, specializes in high-performance specialty alloy materials and process solutions for critical applications in the aerospace, defense, medical, and other markets. The company produces premium specialty alloys including nickel, cobalt, and titanium.
The quarterly dividend announcement represents a regular distribution to shareholders from the specialty materials manufacturer.
In other recent news, Carpenter Technology Corporation reported its fourth-quarter earnings for fiscal year 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $2.21, surpassing the forecasted $2.06. However, the company faced a revenue shortfall, reporting $755.6 million against the expected $790.79 million. Moody’s Ratings upgraded Carpenter Technology’s Corporate Family Rating to Ba2 from Ba3, reflecting a positive outlook based on the company’s strong performance in the aerospace and defense sector. This sector accounts for approximately 61% of the company’s net sales, suggesting continued robust demand. Additionally, Carpenter Technology announced a quarterly cash dividend of $0.20 per share, payable on September 4, 2025. The company also revealed leadership changes, with CEO Tony R. Thene set to become Chairman of the Board on October 7, 2025. These developments indicate significant strategic moves and financial updates for the company.
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