Carrier Global Corporation (CARR) To Go Ex-Dividend on July 21st

Carrier Global Corporation (NYSE:CARR) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.24 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st.

Carrier Global has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Carrier Global has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carrier Global to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 30.7%.

Carrier Global Stock Down 2.0%

Shares of NYSE CARR opened at $67.18 on Friday. The firm has a market cap of $55.79 billion, a PE ratio of 44.19, a P/E/G ratio of 2.75 and a beta of 1.34. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. The company’s fifty day simple moving average is $62.30 and its 200 day simple moving average is $59.02. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Carrier Global will post 2.78 earnings per share for the current fiscal year.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.