Carlisle Companies Incorporated (CSL) to Issue Quarterly Dividend of $1.10 on June 1st

Carlisle Companies Incorporated (NYSE:CSL) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, May 18th will be paid a dividend of 1.10 per share by the conglomerate on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, May 18th.

Carlisle Companies 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 48 years. Carlisle Companies has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlisle Companies to earn $23.79 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 18.5%.

Carlisle Companies Stock Down 3.0%

Shares of NYSE:CSL opened at $346.18 on Thursday. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92. The company’s 50-day moving average price is $356.20 and its two-hundred day moving average price is $345.49. The company has a quick ratio of 2.49, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. The firm has a market cap of $14.01 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.15 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 EPS. As a group, research analysts forecast that Carlisle Companies will post 20.99 EPS for the current fiscal 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.