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. Investors 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 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 increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 48 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 Performance

CSL stock opened at $387.00 on Friday. The stock has a market capitalization of $15.37 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.20 and a beta of 0.85. Carlisle Companies has a 12-month low of $293.43 and a 12-month 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 stock’s 50 day simple moving average is $352.60 and its 200 day simple moving average is $356.86.

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