Carrier Global Corporation (CARR) to Issue Quarterly Dividend of $0.24 on August 10th

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

Carrier Global 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 4 years. Carrier Global has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carrier Global to earn $3.15 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 30.5%.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $68.71 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. The business has a 50-day simple moving average of $68.27 and a two-hundred day simple moving average of $62.64. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $0.65 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts expect that Carrier Global will post 2.79 earnings per share for the current year.

About Carrier Global

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.