Carlisle Companies Incorporated (NYSE:CSL) Raises Dividend to $1.10 Per Share

Key Points

• Carlisle Companies Incorporated has raised its quarterly dividend to $1.10 per share, reflecting a 10% increase from the previous dividend of $1.00.
• The company has a payout ratio of 16.0%, indicating that the dividend is well-covered by earnings, with projected earnings of $24.85 per share next year.
• CSL stock recently traded at $366.70, with analysts rating it a Moderate Buy and setting a consensus target price of $450.83 for the stock.

Carlisle Companies Incorporated (NYSE:CSL - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be given a dividend of 1.10 per share by the conglomerate on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 19th. This is a 10.0% increase from Carlisle Companies's previous quarterly dividend of $1.00.

Carlisle Companies has a dividend payout ratio of 16.0% 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 $4.00 annual dividend with an expected future payout ratio of 16.1%.

Carlisle Companies Trading Up 0.9%

NYSE CSL traded up $3.52 during trading hours on Wednesday, hitting $387.91. 34,517 shares of the company's stock were exchanged, compared to its average volume of 462,895. The business's 50 day moving average is $385.59 and its 200-day moving average is $369.11. Carlisle Companies has a 12-month low of $311.41 and a 12-month high of $481.26. The firm has a market capitalization of $16.58 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.19.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $6.27 EPS for the quarter, missing analysts' consensus estimates of $6.67 by ($0.40). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.50 billion. Carlisle Companies had a return on equity of 38.16% and a net margin of 16.12%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $6.24 earnings per share. As a group, analysts anticipate that Carlisle Companies will post 22.31 EPS for the current fiscal year.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.