Crane raises dividend by 15 percent to 23 cents, to be paid Sept. 10

Crane boosts dividend to 23 cents

STAMFORD, Conn. — Industrial manufacturer Crane Co. said Monday its board declared a 15 percent increase to its quarterly dividend.

The company said it will pay a dividend of 23 cents. The previous dividend was 20 cents.

The dividend will be paid on Sept. 10 to shareholders of record on Aug. 31.