Carpenter Tech: Dividend Insights
Portfolio Pulse from Benzinga Insights
Carpenter Tech (NYSE:CRS) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Monday. Shareholders owning CRS stock by the end of Friday are eligible for the dividend, to be paid on March 07, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.
January 24, 2024 | 2:45 pm
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Carpenter Tech will pay a quarterly dividend of 20 cents per share, with the ex-dividend date being the upcoming Monday. The stock is likely to open 20 cents lower on the ex-dividend date.
The stock price of Carpenter Tech is expected to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is direct and immediate, but typically short-lived as it reflects the distribution of the dividend rather than a change in the fundamental value of the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100