Carpenter Technology (CRS) Raises Quarterly Dividend 11.1% to $0.20; 1.5% Yield
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Carpenter Technology Increases Quarterly Cash Dividend
August 15, 2018 4:15 PM EDTPHILADELPHIA, Aug. 15, 2018 (GLOBE NEWSWIRE) --  Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced that its Board of Directors, at its regular meeting, authorized an 11% increase in its quarterly cash dividend to $0.20 per common share, representing a $0.02 increase. The annual dividend rate has accordingly been increased to $0.80 per share from $0.72.
Representing our first increase since 2008, this increase reflects our confidence in our long-term growth potential, as well as our strong financial position and stable free cash generation, said Tony Thene, Carpenters President and CEO. Our increased dividend payout is consistent with our... More
