Carlisle Companies Incorporated (NYSE:CSL) Increases Dividend to $1.25 Per Share

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) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. This is a 13.6% increase from Carlisle Companies’s previous quarterly dividend of $1.10.

Carlisle Companies has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 48 consecutive years. Carlisle Companies has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carlisle Companies to earn $24.30 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 18.1%.

Carlisle Companies Stock Up 1.2%

Shares of CSL traded up $4.67 during midday trading on Friday, hitting $387.50. 120,378 shares of the company’s stock traded hands, compared to its average volume of 454,068. Carlisle Companies has a 1 year low of $293.43 and a 1 year high of $432.91. The firm’s fifty day moving average is $351.76 and its 200-day moving average is $356.65. 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 stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.21 and a beta of 0.85.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $6.27 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies will post 21.21 earnings per share for the current year.

About Carlisle Companies

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.