Carlisle Companies Incorporated (CSL) to Distribute Quarterly Dividend of $1.25 on September 1st

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 1.25 per share by the conglomerate on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 13.6% increase from Carlisle Companies’s previous quarterly dividend of $1.10.

Carlisle Companies has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 48 years. Carlisle Companies has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carlisle Companies to earn $24.30 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 20.6%.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $370.12 on Monday. The company has a 50 day moving average of $356.40 and a 200-day moving average of $357.78. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $432.91. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. The company has a market cap of $14.70 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $6.27 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Carlisle Companies will post 21.21 earnings per share for the current fiscal year.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.