Carpenter Technology Corporation
CRSIndustrials · Stock · quarterly payer
Forward Yield
0.20%
Annual Dividend
$0.80
Payout Ratio
8%
5-Yr Growth
0.0%
Ex-Date
Aug 25, 2026
Frequency
Quarterly
Summary
As of September 2026, Carpenter Technology Corporation (CRS) yields 0.20% ($0.80 per share annually), with a blended fair-value estimate of $219.12 — -46% downside, so it screens as overvalued. Dividend safety grade: A (95/100).
Is CRS a good dividend stock?
YesCarpenter Technology Corporation (CRS) pays a quarterly dividend yielding 0.20% ($0.80/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (8%)
- 1222% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2002
Key Data
- Dividend Yield
- 0.20%
- Payout Ratio
- 8%
- Annual Dividend
- $0.80
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 25, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.26
- Market Cap
- $19.5B
- P/E Ratio
- 37.4
- 5-Yr Total Return
- 1222%
- 52-Week Range
- $228.00 – $625.99
- Dividend Safety
- A · 95/100
- Ever Cut?
- Yes (2002)
Frequently Asked Questions
CRS Price — Last 12 Months
Daily close
Price Return
1 Year
+29%
3 Years
+551%
5 Years
+1222%
52-Week Range
$228.00 – $625.99
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CRS worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Carpenter Technology Corporation is $219.12 per share, versus a market price of $408.12. That implies 46% of downside.
Fair Value
$219.12
Current Price
$408.12
Downside
-46%
Margin of Safety
-86%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 19.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.6% discount rate (CAPM), 19.9% stage-1 growth, 2.5% terminal growth, $10.53 EPS, $0.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CRS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CRS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 25, 2026 | — | $0.2000 | regular |
| Apr 28, 2026 | — | $0.2000 | regular |
| Jan 27, 2026 | — | $0.2000 | regular |
| Oct 21, 2025 | — | $0.2000 | regular |
| Aug 26, 2025 | — | $0.2000 | regular |
| Apr 22, 2025 | — | $0.2000 | regular |
| Jan 28, 2025 | — | $0.2000 | regular |
| Oct 22, 2024 | — | $0.2000 | regular |
| Aug 27, 2024 | — | $0.2000 | regular |
| Apr 22, 2024 | — | $0.2000 | regular |
| Jan 29, 2024 | — | $0.2000 | regular |
| Oct 23, 2023 | — | $0.2000 | regular |
| Aug 21, 2023 | — | $0.2000 | regular |
| May 1, 2023 | — | $0.2000 | regular |
Income Calculator
At $0.80 / yr per share
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