Carlisle Companies Incorporated Announces Quarterly Dividend of $1.10 (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Tuesday, February 17th will be given a dividend of 1.10 per share by the conglomerate on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th.

Carlisle Companies has raised its dividend by an average of 0.2%per year 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 analysts expect Carlisle Companies to earn $24.85 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 17.7%.

Carlisle Companies Stock Down 0.9%

NYSE CSL traded down $3.11 during mid-day trading on Thursday, hitting $337.90. The company’s stock had a trading volume of 180,669 shares, compared to its average volume of 370,572. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.08 and a beta of 0.95. The company’s 50 day simple moving average is $333.23 and its 200 day simple moving average is $349.05. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.78 EPS. Analysts anticipate that Carlisle Companies will post 22.31 earnings per share for the current 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.