CRS) as the Company's stock will begin trading ex-dividend (the date the common stock trades without the dividend) on October 23, 2017. In order to capture the dividend payout, investors are required to purchase the stock a day prior (excluding the weekend) to the ex-dividend date that is by latest at the end of trading session on October 20, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on CRS. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=CRS

Dividend Declared

On October 10, 2017, Carpenter Technology announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, payable December 07, 2017, to shareholders of record on October 24, 2017.

Carpenter Technology's indicated dividend represents a yield of 1.44% compared to the average dividend yield of 2.28% for the Basic Materials sector.

Dividend Insights

Carpenter Technology has a dividend payout ratio of 34.1%, which means that the Company distributes approximately $0.34 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/ or to add to its cash reserves.

According to analysts' estimates, Carpenter Technology is estimated to report earnings of $2.97 for the next year, which is more than four times the Company's annualized dividend of $0.72 per share.

Carpenter Technology's cash provided from operating activities in Q4 FY17 was $93.8 million compared to $119.7 million in Q4 FY16. The decrease in operating cash flow was primarily related to higher working capital levels, driven by improving sequential sales in the reported quarter. The Company's free cash flow in Q4 FY17 was $64.4 million compared to free cash flow of $83.2 million in the year-ago same period.

Carpenter Technology's total liquidity, including cash and available revolver balance, was $460.2 million at the end of the fourth quarter of fiscal 2017. This consisted of $66.3 million of cash and $393.9 million of available borrowings under the Company's credit facility. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Carpenter Technology

On September 20, 2017, Carpenter Technology announced base prices increase of 3% to 8% on new non-contract orders across all stainless-steel product forms. The increases came into effect with new orders placed after September 30, 2017.

About Carpenter Technology

Carpenter Technology is a leading producer and distributor of premium specialty alloys, including titanium alloys, nickel and cobalt-based super-alloys, stainless-steels, alloy-steels, and tool steels. Carpenter Technology's high-performance materials and advanced process solutions are an integral part of critical applications used within the aerospace, transportation, medical, and energy markets, among other markets. The Company's powder technology capabilities support a range of next-generation products and manufacturing techniques, including additive manufacturing and 3D Printing.

Stock Performance

At the closing bell, on Thursday, October 19, 2017, Carpenter Technology's stock slightly slipped 0.30%, ending the trading session at $49.85. A total volume of 313.36 thousand shares have exchanged hands. The Company's stock price soared 32.05% in the last three months, 36.31% in the past six months, and 27.10% in the previous twelve months. Moreover, the stock skyrocketed 37.82% since the start of the year. The stock is trading at a PE ratio of 50.30 and has a dividend yield of 1.44%. The stock currently has a market cap of $2.31 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478380

"/> Dividend Coverage: This Manufacturer of Stainless Steels and Special Alloys has a Dividend Yield of 1.44%; Will Trade Ex-Dividend on October 23, 2017 « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Dividend Coverage: This Manufacturer of Stainless Steels and Special Alloys has a Dividend Yield of 1.44%; Will Trade Ex-Dividend on October 23, 2017

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily takes a closer look at Carpenter Technology Corp. (NYSE: CRS) as the Company's stock will begin trading ex-dividend (the date the common stock trades without the dividend) on October 23, 2017. In order to capture the dividend payout, investors are required to purchase the stock a day prior (excluding the weekend) to the ex-dividend date that is by latest at the end of trading session on October 20, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on CRS. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=CRS

Dividend Declared

On October 10, 2017, Carpenter Technology announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, payable December 07, 2017, to shareholders of record on October 24, 2017.

Carpenter Technology's indicated dividend represents a yield of 1.44% compared to the average dividend yield of 2.28% for the Basic Materials sector.

Dividend Insights

Carpenter Technology has a dividend payout ratio of 34.1%, which means that the Company distributes approximately $0.34 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/ or to add to its cash reserves.

According to analysts' estimates, Carpenter Technology is estimated to report earnings of $2.97 for the next year, which is more than four times the Company's annualized dividend of $0.72 per share.

Carpenter Technology's cash provided from operating activities in Q4 FY17 was $93.8 million compared to $119.7 million in Q4 FY16. The decrease in operating cash flow was primarily related to higher working capital levels, driven by improving sequential sales in the reported quarter. The Company's free cash flow in Q4 FY17 was $64.4 million compared to free cash flow of $83.2 million in the year-ago same period.

Carpenter Technology's total liquidity, including cash and available revolver balance, was $460.2 million at the end of the fourth quarter of fiscal 2017. This consisted of $66.3 million of cash and $393.9 million of available borrowings under the Company's credit facility. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Carpenter Technology

On September 20, 2017, Carpenter Technology announced base prices increase of 3% to 8% on new non-contract orders across all stainless-steel product forms. The increases came into effect with new orders placed after September 30, 2017.

About Carpenter Technology

Carpenter Technology is a leading producer and distributor of premium specialty alloys, including titanium alloys, nickel and cobalt-based super-alloys, stainless-steels, alloy-steels, and tool steels. Carpenter Technology's high-performance materials and advanced process solutions are an integral part of critical applications used within the aerospace, transportation, medical, and energy markets, among other markets. The Company's powder technology capabilities support a range of next-generation products and manufacturing techniques, including additive manufacturing and 3D Printing.

Stock Performance

At the closing bell, on Thursday, October 19, 2017, Carpenter Technology's stock slightly slipped 0.30%, ending the trading session at $49.85. A total volume of 313.36 thousand shares have exchanged hands. The Company's stock price soared 32.05% in the last three months, 36.31% in the past six months, and 27.10% in the previous twelve months. Moreover, the stock skyrocketed 37.82% since the start of the year. The stock is trading at a PE ratio of 50.30 and has a dividend yield of 1.44%. The stock currently has a market cap of $2.31 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478380

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily takes a closer look at Carpenter Technology Corp. (NYSE: CRS) as the Company's stock will begin trading ex-dividend (the date the common stock trades without the dividend) on October 23, 2017. In order to capture the dividend payout, investors are required to purchase the stock a day prior (excluding the weekend) to the ex-dividend date that is by latest at the end of trading session on October 20, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on CRS. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=CRS

Dividend Declared

On October 10, 2017, Carpenter Technology announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, payable December 07, 2017, to shareholders of record on October 24, 2017.

Carpenter Technology's indicated dividend represents a yield of 1.44% compared to the average dividend yield of 2.28% for the Basic Materials sector.

Dividend Insights

Carpenter Technology has a dividend payout ratio of 34.1%, which means that the Company distributes approximately $0.34 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/ or to add to its cash reserves.

According to analysts' estimates, Carpenter Technology is estimated to report earnings of $2.97 for the next year, which is more than four times the Company's annualized dividend of $0.72 per share.

Carpenter Technology's cash provided from operating activities in Q4 FY17 was $93.8 million compared to $119.7 million in Q4 FY16. The decrease in operating cash flow was primarily related to higher working capital levels, driven by improving sequential sales in the reported quarter. The Company's free cash flow in Q4 FY17 was $64.4 million compared to free cash flow of $83.2 million in the year-ago same period.

Carpenter Technology's total liquidity, including cash and available revolver balance, was $460.2 million at the end of the fourth quarter of fiscal 2017. This consisted of $66.3 million of cash and $393.9 million of available borrowings under the Company's credit facility. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Carpenter Technology

On September 20, 2017, Carpenter Technology announced base prices increase of 3% to 8% on new non-contract orders across all stainless-steel product forms. The increases came into effect with new orders placed after September 30, 2017.

About Carpenter Technology

Carpenter Technology is a leading producer and distributor of premium specialty alloys, including titanium alloys, nickel and cobalt-based super-alloys, stainless-steels, alloy-steels, and tool steels. Carpenter Technology's high-performance materials and advanced process solutions are an integral part of critical applications used within the aerospace, transportation, medical, and energy markets, among other markets. The Company's powder technology capabilities support a range of next-generation products and manufacturing techniques, including additive manufacturing and 3D Printing.

Stock Performance

At the closing bell, on Thursday, October 19, 2017, Carpenter Technology's stock slightly slipped 0.30%, ending the trading session at $49.85. A total volume of 313.36 thousand shares have exchanged hands. The Company's stock price soared 32.05% in the last three months, 36.31% in the past six months, and 27.10% in the previous twelve months. Moreover, the stock skyrocketed 37.82% since the start of the year. The stock is trading at a PE ratio of 50.30 and has a dividend yield of 1.44%. The stock currently has a market cap of $2.31 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478380

Source URL: https://marketersmedia.com/dividend-coverage-this-manufacturer-of-stainless-steels-and-special-alloys-has-a-dividend-yield-of-1-44-will-trade-ex-dividend-on-october-23-2017/253090

Source: AccessWire

Release ID: 253090


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