Due to increase in earnings per share in the forth quarter 2024, Carpenter Technology's 12 Months dividend pay out ratio sequentially decreased to
21.79% in the fourth quarter 2024, unsurprisingly, as the Carpenter Technology earnings continue to rise, and the pay out ratio remains below CRS's average, the question arises, if Carpenter Technology will increase the dividend soon.
Within
Basic Materials sector 54 other companies have achieved higher 12 Months dividend pay out ratio. While in terms of ranking among all other companies, the company has moved form 393 in the third quarter 2024, to 826.
Dividend in Glossary
News about Carpenter Technology Corporation Dividends |
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Carpenter Technology Declares Quarterly Cash Dividend Amid Strong Stock Performance
In a significant financial development, Carpenter Technology Corporation (NYSE: CRS) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on its common stock, payable on September 5, 2024. Shareholders of record as of August 27, 2024, will be eligible to receive this dividend, with the ex-dividend date set for August 26, 2024. This announcement underscores the company's commitment to returning value to its shareholders amidst a period of robust growth.
Over the past month, Carpenter Technology's stock has shown remarkable resilience and performance, witnessing an impressive increase of 20.24%. This surge is particularly noteworthy given the broader trends in the marketplace, illustrating the confidence investors have in the company's financial health and strategic direction. The upward trend in the stock has propelled the price to a substantial rise of 31.27% throughout the third quarter of 2024. Such growth not only highlights Carpenter Technology?s operational success but also reflects the overall positive sentiment surrounding manufacturing and industrial sectors, which are expected to benefit from ongoing economic recovery efforts.
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In an exciting development for shareholders, Carpenter Technology Corporation, a leading global manufacturer and distributor of specialty alloys, has recently declared a quarterly cash dividend of $0.20 per share of common stock. This decision signifies the company's commitment to enhancing shareholder value and underscores its robust financial position. With the dividend payable on June 6, 2024, and the ex-dividend date set as April 22, 2024, shareholders are poised to benefit from Carpenter's success. This article explores the implications of this dividend announcement and highlights Carpenter's exceptional performance in the market.
Carpenter Technology's Stellar Performance
Carpenter Technology Corporation has consistently demonstrated its resilience and strength in the specialty alloys market, positioning itself as an industry leader. The company's decision to declare a quarterly cash dividend reflects the management's confidence in its financial stability and ongoing success.
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