Benzinga | Jan 26, 2022 09:51AM EST

Carpenter Tech's Ex-Dividend Date Is Sunday, Here's What You Need To Know

Sunday marks the last chance for investors to receive the next dividend payout from Carpenter Tech.

What's Happening

(NYSE:CRS) announced on Thursday that it would pay shareholders a quarterly dividend of $0.2 per share. On Monday, Carpenter Tech will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.2 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Monday. Shareholders who own CRS as of the end of Sunday's session are eligible to receive the $0.2 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on March 03, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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