Crane Taps Operating Chief as New CEO, Raises Dividend

Dow Jones

01/27

By Katherine Hamilton

Crane named a new chief executive and increased its dividend by 11%.

The industrial products manufacturer said Monday it named Alex Alcala as president and chief executive, effective April 27.

Max Mitchell, who has served as chief executive since 2014, will become executive chair.

Alcala is currently Crane's chief operating officer. He joined the company in 2013 as president of pumps and systems.

Crane also raised its dividend by 11% to 25.5 cents a share, up from 23 cents.

The new payout, equal to $1.02 per year, represents an annual yield of 0.49% based on Monday's closing price of $209.77.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 26, 2026 17:00 ET (22:00 GMT)

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He joined the company in 2013 as president of pumps and systems. \n</p>\n<p>\n  Crane also raised its dividend by 11% to 25.5 cents a share, up from 23 cents. \n</p>\n<p>\n  The new payout, equal to $1.02 per year, represents an annual yield of 0.49% based on Monday's closing price of $209.77. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 17:00 ET (22:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CR","symbol_name":"crane","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2606622189","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606622189","pubTimestamp":1769464800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Crane named a new chief executive and increased its dividend by 11%.The industrial products manufacturer said Monday it named Alex Alcala as president and chief executive, effective April 27.Max Mitchell, who has served as chief executive since 2014, will become executive chair.Alcala is currently Crane's chief operating officer. He joined the company in 2013 as president of pumps and systems.Crane also raised its dividend by 11% to 25.5 cents a share, up from 23 cents.The new payout, equal to $1.02 per year, represents an annual yield of 0.49% based on Monday's closing price of $209.77.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CR":"crane","BK4161":"工业机械"},"translate_title":"Crane任命运营总监为新任首席执行官并提高股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CR":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Crane named a new chief executive and increased its dividend by 11%. \n\n\n  The industrial products manufacturer said Monday it named Alex Alcala as president and chief executive, effective April 27. \n\n\n  Max Mitchell, who has served as chief executive since 2014, will become executive chair. \n\n\n  Alcala is currently Crane's chief operating officer. He joined the company in 2013 as president of pumps and systems. \n\n\n  Crane also raised its dividend by 11% to 25.5 cents a share, up from 23 cents. \n\n\n  The new payout, equal to $1.02 per year, represents an annual yield of 0.49% based on Monday's closing price of $209.77. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 26, 2026 17:00 ET (22:00 GMT)\n\n\n  Copyright (c) 2026 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":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}