CRS Carpenter Technology Corp

The Board of Directors of Carpenter Technology Corporation (NYSE:CRS), at its meeting today, declared a quarterly cash dividend of $.225 per share of common stock, payable December�7, 2006, to shareholders of record on October 31, 2006. The ex-dividend date (the date the common stock trades without the dividend) is October 27, 2006. The Board of Directors of Carpenter Technology Corporation (NYSE:CRS), at its meeting today, declared a quarterly cash dividend of $.225 per share of common stock, payable December 7, 2006, to shareholders of record on October 31, 2006. The ex-dividend date (the date the common stock trades without the dividend) is October 27, 2006.