Crane Co. Shares Rise 11% Following Dividend Boost

Dow Jones

Jan 29, 2025

By Sabela Ojea

Shares of Crane Co. jumped Tuesday after the company raised its quarterly dividend by 12% and said profit and revenue rose in the fourth quarter.

The stock was up 11% to $173.50 in morning trading. Shares have surged 41% over the past 12 months.

The Stamford, Conn., industrial-products manufacturer said Monday after the market close that its board of directors approved a quarterly payout to shareholders of 23 cents, up from 20.5 cents previously.

The new payout, equal to 92 cents annually, represents a yield of about 0.6%, based on Monday's closing price of $156.44.

The dividend is payable March 12 to shareholders of record as of Feb. 28.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 28, 2025 11:54 ET (16:54 GMT)

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Shares have surged 41% over the past 12 months. \n\n\n  The Stamford, Conn., industrial-products manufacturer said Monday after the market close that its board of directors approved a quarterly payout to shareholders of 23 cents, up from 20.5 cents previously. \n\n\n  The new payout, equal to 92 cents annually, represents a yield of about 0.6%, based on Monday's closing price of $156.44. \n\n\n  The dividend is payable March 12 to shareholders of record as of Feb. 28. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2025 11:54 ET (16:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}