NEW YORK (

TheStreet

) -- The ex-dividend date for

Carpenter Technology Corporation

(NYSE:

CRS

) is tomorrow, August 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $45.53 as of 9:32 a.m. ET, the dividend yield is 1.6%.

The average volume for Carpenter Technology has been 577,000 shares per day over the past 30 days. Carpenter Technology has a market cap of $2 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 12% year to date as of the close of trading on Wednesday.

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals primarily in the United States, Europe, the Asia Pacific, Mexico, and Canada. The company operates in two segments, Advanced Metals Operations and Premium Alloys Operations. The company has a P/E ratio of 28, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Carpenter Technology as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Carpenter Technology Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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